The cuts would reportedly be in addition to 1,000 jobs Sony already said it would eliminate in smartphone and tablet unit.
The mobile phone vendor hopes to woo consumers with Valentine's Day promotions.
The sale prices offer hefty holiday discounts on popular games, but you have to be an Xbox Live Gold member to take advantage of them.
Transformer Book Flips are $299 courtesy of Monday's 12 Days of Deals.
The company already cut the price tag of its not-yet-a-year-old game console by $100 when it removed the Kinect camera accessory. Now, it's nipping off another $50 as the holiday-shopping season kicks in.
The company had planned to ship 50 million smartphones this year, but that figure has been falling and will drop even more, according to Bloomberg.
Finland-based Rovio also says it plans to "simplify" its company based on three key areas: games, media, and consumer products.
As it has in previous years, Apple cut the price of its previous iPhone models on Tuesday, making way for its flagship iPhone 6 to take on the highest prices.
Emerging markets are still showing interest in new tablets, but that isn't enough to sustain IDC's prior forecast for this year.
Sprint's new CEO has only been on the job four days and is already promising employees "disruptive" price cuts as soon as next week, according to a report from Light Reading. Will this move finally stem Sprint's subscriber losses?