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Sony to lay off 900 PlayStation employees: Reports
Impacted employees will be provided severance benefits, said CEO Jim Ryan in an internal mail announcing the development.
In January 2024, the two-year long saga of the Zee and Sony merger ended with the collapse of the $10 billion media merger, triggering legal actions from both parties on various issues including merger termination fees. (Image source: Unsplash)
Sony has reportedly announced plans to lay off approximately 900 employees, representing 8 percent of its global PlayStation workforce.
As per reports, in an internal email, PlayStation President and CEO Jim Ryan called it extremely difficult but necessary for continued growth and development.
This move follows a trend of restructuring within the tech sector, with companies facing economic uncertainties and adapting to an evolving industry landscape.
The layoffs at Sony will impact the company's game development studios. Hermen Hulst, Head of PlayStation Studios, confirmed that industry powerhouses like Naughty Dog (known for The Last of Us), Insomniac Games (Marvel's Spider-Man), and Guerrilla Games (Horizon Zero Dawn) will all be affected.
“Across our studios, support teams throughout PlayStation and interactive entertainment, reductions will take place,” Hulst’s mail was quoted in media reports.
Ryan’s mail further said that the next steps will be notified today, assuring that the impacted employees will be provided severance benefits.
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