REPORT: Employee Layoffs Hit Sony's Global Offices, Slashing 8% Of Its Work Force

As major changes make their way to Sony's entertainment division, a sizable slash to all of their divisions has been seen. On Tuesday, the San Mateo-based games publishing and development holdings company announced that 900 employees across SIE's offices will be let go, according to a letter from outgoing CEO Jim Ryan. SIE is Sony's video game branch, overseeing the R&D of PlayStation hardware and software. All of the regions will feel the impact of this news, including the Americas.

"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", Ryan spoke. "We had to step back, look at our business holistically, and move forward focusing on the long-term sustainability of the company and delivering the best experiences possible for our community. The goal is to streamline our resources to ensure our continued success and ability to deliver experiences gamers and creators have come to expect from us.  

I want to be as transparent as possible with you, our partners, and our community about what this means:  

  • We envision reducing our headcount by about 900 people, or about 8% of our current workforce 
  • There will be impact for employees across all SIE regions – Americas, EMEA, Japan, and APAC  
  • Several PlayStation Studios are affected" 

Following the news that the PlayStation will not see any major software hitting the PlayStation 5 until April of 2025, a reduction in fiscal expectations, and pivoting a shift to try more live service projects (while canceling others, such as the strained development of The Last of Us multiplayer game), there's a chance that more hurt will be coming to Sony, as some of the highly placed goals set by the past regime make themselves apparent. Among those cuts, there was the talks of a live service Twisted Metal game in the works that will now be canned, as a result of the news.

SOURCE: Sony Interactive Entertainment

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