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Prominent Studios including Insomniac and Naughty Dog have been affected as Sony announced a difficult, yet brutal decision to shrink their workforce by 8%.
In response to a disappointing earnings report and a failure to meet sales expectations for the PlayStation 5 console, Sony Corporation has announced significant layoffs within its PlayStation division.
The decision comes on the heels of a turbulent period for the company, marked by a staggering $10 billion drop in its stock value.
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Sony’s Global Workforce Shrinks by 8% as PlayStation Studios Bear the Brunt
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Sony's PlayStation chief, Jim Ryan, delivered the sobering news, via blog post last month stating,
“We have made the extremely hard decision to announce our plan to commence a reduction of our overall headcount globally by about 8 percent or about 900 people, subject to local law and consultation processes. Employees across the globe, including our studios, are impacted.”
The layoffs, representing approximately 8% of Sony's global workforce, and will spread across renowned PlayStation studios such as Insomniac Games, Naughty Dog, Guerrilla Games, and Firesprite.
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“This decision was not taken lightly, but is necessary to ensure the long-term viability and success of our PlayStation division,” Ryan emphasized.
Additionally, Sony confirmed the closing down of its PlayStation Studio in London, renowned for its expertise in virtual reality game development.
This move follows the company's recent announcement of plans for a PC adaptation of its PlayStation VR2 headset.
In recent years, the gaming industry as a whole has faced challenging times, with Microsoft announcing similar layoffs affecting around 1,900 employees across its Xbox and Activision Blizzard divisions earlier in January.
Unity and Discord, key players in the gaming landscape, also faced workforce reductions, with Unity slashing 25% of its employees and Discord cutting 17% of its workforce during the same month.
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