Sony Sacks 900 Employees After Decline In PlayStation Sales

Sony PlayStation on Tuesday said it was laying off eight per cent of its global workforce.

Terming it as “sad news,” PlayStation chief Jim Ryan said that the reduction of staff would affect 900 people across the world, including video-game-making studios.

The job cuts would see the company’s PlayStation London studio, closed completely. The US studios Insomniac Games and Naughty Dog are also affected.

Hermen Hulst, head of PlayStation Studios, said more resources were needed as the company focused on mobile and PC gaming.

Earlier in February, Sony warned that sales of the PlayStation 5 would not meet original targets. PlayStation 5 is facing stiff competition from the Nintendo Switch and could see a tougher rivalry with Microsoft’s Xbox.

In 2023 the tech industry lost 260,000 jobs according to layoffs.fyi. So far in 2024

So far this year, layoffs are at 43,957, the site showed.