Sony to cut about 900 jobs in its PlayStation unit as layoffs in technology, gaming sector continue
Sony will cut about 900 jobs in its PlayStation division, or about 8% of its global workforce, becoming the latest company in the technology and gaming sector to announce layoffs
Sony will cut about 900 jobs in its PlayStation division, or about 8% of its global workforce, becoming the latest company in the technology and gaming sector to announce layoffs.
Sony cited changes in the industry as a reason for the restructuring.
“The industry has changed immensely, and we need to future ready ourselves to set the business up for what lies ahead,” Sony Interactive Entertainment CEO Jim Ryan said in a blog post Tuesday. “We need to deliver on expectations from developers and gamers and continue to propel future technology in gaming, so we took a step back to ensure we are set up to continue bringing the best gaming experiences to the community.”
The job cuts will occur in the Americas, Japan, Europe, the Middle East, Africa and the Asia Pacific region.
In London, the PlayStation Studio will completely close. Cuts will also be made at Firesprite studio. In addition, reductions will take place in various functions across Sony Interactive Entertainment in the U.K., the company said.
Severance benefits will be provided to those employees that are impacted.
"While these are challenging times, it is not indicative of a lack of strength of our company, our brand, or our industry," Ryan said. “Our goal is to remain agile and adaptable and to continue to focus on delivering the best gaming experiences possible now and in the future.”