As the latest IT giant to announce personnel reductions, Sony Interactive Entertainment stated on Tuesday that it will let go of roughly 900 workers in its PlayStation division, or 8% of its total workforce worldwide.
The unit’s president and CEO, Jim Ryan, stated in an email to staff that was made public by the firm that “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.”
He continued by saying that the layoffs will affect workers in every location served by the organisation. A number of additional studios are expected to be impacted by the complete closure of PlayStation’s London headquarters.
On February 14, the Japanese gaming behemoth reduced its sales projection for its flagship PlayStation 5 system following a warning of decreased demand. At the time, Sony reduced its prior estimate of over 25 million PS5 console sales to 21 million units sold in the fiscal year that ends in March.
Following the news of the projected drop, the company’s shares fell precipitously.
Source (CNBC)
