Sony is set to lay off around 8% of its global workforce, which is approximately 900 employees, in its PlayStation division. The company has joined others in the tech and gaming industries that have made similar moves.
Sony cited industry changes as the reason for its restructuring."The industry has changed tremendously, and we need to future-proof ourselves to prepare the business 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."
Today, Sony Interactive Entertainment initiated a reduction in its global workforce, including teams within PlayStation Studios: https://t.co/lP25CYWrp3— PlayStation (@PlayStation) February 27, 2024
The layoffs on Tuesday come just one month after Microsoft announced plans to lay off nearly 2,000 employees following its acquisition of Activision Blizzard. Riot Games, the creator of the popular "League of Legends" multiplayer battle game, announced in January that it was laying off 11% of its employees. The job cuts will occur in the Americas, Japan, Europe, the Middle East, Africa, and Asia Pacific regions.
The PlayStation Studio in London will be completely closed. Cuts will also be made at the Firesprite studio. Furthermore, Sony Interactive Entertainment in the United Kingdom will cut jobs in a variety of areas, the company announced. Employees who are affected will be given severance benefits.
"While these are challenging times, it is not indicative of a lack of strength of our company, our brand, or our industry," Ryan went on to explain. "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."Job cuts are planned globally, including in the Americas, Japan, Europe, the Middle East, Africa, and Asia-Pacific.
In London, the PlayStation Studio will be closed entirely. Cuts will also be made at the Firesprite Studio. Furthermore, Sony Interactive Entertainment in the United Kingdom will reduce its workforce in a variety of areas, according to the company. Employees who are impacted will receive severance benefits.
(Inputs from agencies)
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