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  • Tech - News - Tech Companies
  • Updated: February 27, 2024

Sony to Cut 900 Jobs in PlayStation division

Sony to Cut 900 Jobs in PlayStation division

Sony revealed on Tuesday that it is cutting off about 900 workers in its PlayStation division. 

Sony is the most recent corporation to announce significant layoffs in the last few weeks and months. The layoffs will affect 8% of the division's global staff. 

Furthermore, Sony declared that it would be closing its London studio in the United Kingdom.

“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 note 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.”

Head of PlayStation Studios Hermen Hulst announced in a separate post that staff across the Americas, Japan, EMEA, and APAC regions will be affected, along with the company's Insomniac Games, Naughty Dog, Guerrilla, and Firesprite studios. 

According to Hulst, a few active initiatives that are in different phases of development won't proceed.

Two weeks ago, Sony lowered its PlayStation 5 sales projection after signalling a decline in demand. This is when the layoffs occurred. Sony has lowered its prior estimate of 25 million console sales to 21 million units sold in its fiscal year.

Sony is not the only game company that has announced recent employment layoffs. 

Last month, Microsoft laid off 1,900 Activision Blizzard and Xbox staff, while Unity cut 25% of its workforce. 

Numerous companies, including Google, Snapchat, eBay, PayPal, DocuSign, Okta, Block, Discord, Twitch, and Duolingo, have all announced significant layoffs in the last month.

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