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.

By  Storyboard18Feb 28, 2024 8:34 AM
Sony to lay off 900 PlayStation employees: Reports
This move follows a trend of restructuring within the tech sector, with companies facing economic uncertainties and adapting to an evolving industry landscape. (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.

First Published on Feb 28, 2024 8:34 AM

More from Storyboard18

How it Works

Microsoft planning to cut thousands more jobs, targeting sales teams

Microsoft planning to cut thousands more jobs, targeting sales teams

How it Works

Asian Paints’ anti-competitive allegations raise questions on brand trust, open doors for competitors

Asian Paints’ anti-competitive allegations raise questions on brand trust, open doors for competitors

How it Works

Why Snapchat still isn’t a serious player for Indian advertisers, despite its Gen Z boast

Why Snapchat still isn’t a serious player for Indian advertisers, despite its Gen Z boast

How it Works

Over 70% of Indian brands turn to influencers to build consumer trust: WPP Media

Over 70% of Indian brands turn to influencers to build consumer trust: WPP Media

How it Works

Ministry of I&B orders 805 MSOs to update subscriber 'seeding' data; warns of suspension and revocation

Ministry of I&B orders 805 MSOs to update subscriber 'seeding' data; warns of suspension and revocation

How it Works

Streaming surpasses cable, broadcast in US; hits record 44.8% share of TV in May: Nielsen

Streaming surpasses cable, broadcast in US; hits record 44.8% share of TV in May: Nielsen

How it Works

Parliamentary committee to review AI impact and related issues on June 26

Parliamentary committee to review AI impact and related issues on June 26

How it Works

Fast deliveries, uneven pay: Hiring surge and pay divide in the quick-commerce economy

Fast deliveries, uneven pay: Hiring surge and pay divide in the quick-commerce economy