“Massive Job Reduction: Sony to Cut 900 Positions in PlayStation Division”

Sony is laying off around 900 employees in its PlayStation division, the company announced on Tuesday. The cuts will impact 8% of the division’s global workforce, as Sony becomes the latest company to announce major cuts in recent weeks and months. The layoffs come two weeks after Sony cut its sales forecast for the PlayStation 5 after warning of decreasing demand. Sony isn’t the only company in the gaming business to announce recent job cuts. Last month, Microsoft laid off 1,900 Activision Blizzard and Xbox employees and Unity laid off 25% of its workforce.

In a shocking move, Sony announced on Tuesday that it will be laying off approximately 900 employees in its PlayStation division. This decision comes as the company joins a growing list of organizations making major cuts in recent weeks and months. The cuts, which will affect 8% of the division’s global workforce, were also accompanied by the news that Sony will be closing its London Studio in the U.K.

“After careful consideration and many leadership discussions over several months, it has become clear changes need to be made to continue to grow the business and develop the company,” said PlayStation chief Jim Ryan in a memo to employees. “We had to step back, look at our business holistically, and move forward focusing on the long-term sustainability of the company and delivering the best experiences possible for our community.”

In a separate statement, head of PlayStation Studios Hermen Hulst revealed that the cuts will impact several of the company’s studios, including Insomniac Games, Naughty Dog, Guerrilla, and Firesprite. The affected employees will come from the Americas, Japan, EMEA, and APAC regions. Hulst also mentioned that some ongoing projects in various stages of development will not be moving forward.

This news follows Sony’s recent sales forecast for the PlayStation 5, in which the company warned of decreasing demand. Sony lowered its projections to 21 million units sold in its fiscal year, down from the previous estimate of 25 million consoles. This announcement caused Sony shares to plummet.

However, Sony is not alone in the gaming industry when it comes to layoffs. Last month, Microsoft cut 1,900 positions within Activision Blizzard and Xbox, while Unity laid off 25% of its workforce. Other major companies, such as Google, Snapchat, eBay, PayPal, DocuSign, Okta, Block, Discord, Twitch, and Duolingo, have all announced significant layoffs in the past month.

Avatar photo
Dylan Williams

Dylan Williams is a multimedia storyteller with a background in video production and graphic design. He has a knack for finding and sharing unique and visually striking stories from around the world.

Articles: 834

Leave a Reply

Your email address will not be published. Required fields are marked *