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Sony axes 900 jobs from its PlayStation unit

Sony play station headquarters

Sony Interactive Entertainment has announced plans to slash around 900 jobs, or eight percent of employees, from its PlayStation division.

This move places Sony among the ranks of tech companies scaling back their employee numbers.

The unit’s President and CEO, Jim Ryan, wrote to staff: “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.”

The layoffs will impact Sony's operations worldwide, including the complete shutdown of its London studio, alongside affecting other locations.

This announcement follows Sony's adjustment to its PlayStation 5 sales projections on February 14, citing decreased demand. 

The company revised its sales expectations to 21 million units for the fiscal year ending in March from an initial forecast of nearly 25 million consoles.

This revision led to a significant drop in Sony's share price.

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Industry observers had speculated that Sony might introduce an updated PlayStation 5 model to reinvigorate consumer interest.

The layoffs at Sony are part of a broader trend of job reductions across the technology sector. 

Microsoft reported a nine percent cut in its gaming division in January following its purchase of Activision Blizzard. 

Similarly, Cisco and DocuSign have recently announced workforce reductions as part of their organizational restructuring efforts.

Tech Cuts in January 2024

  1. Xerox To Cut Workforce By 15 Percent
  2. Alibaba Subsidiary Lazada Lays Off Employees In Southeast Asia
  3. Unity Software Cuts 1,600 Jobs In Latest Tech Layoffs
  4. Barclays Confirms 5,000 Global Job Cuts 
  5. Cybersecurity Giant Trend Micro Cuts 150 Staff
  6. Google Announces Hundreds Of Layoffs As It Focuses On AI
  7. Duolingo Lays Off Workers As It Relies On AI For Lesson Creation
  8. Discord Axes 170 Jobs After Massive Hiring Spree
  9. Citigroup To Cut 20,000 Jobs
  10. Amazon Slashes Five Percent Of Jobs In Audible Division
  11. YouTube Announces 100 Layoffs 
  12. Macy’s To Slash Over 2,300 Corporate And Store Roles
  13. Wayfair Cuts 1,650 Global Staff In Restructuring
  14. Tencent’s Riot Games Lays Off 530 Employees
  15. EBay To Cut 1,000 Full-Time Employees
  16. SAP To Offer Buyouts And Job Changes For 8,000 Employees
  17. Los Angeles Times To Lay Off Roughly 115 Newsroom Staff
  18. TikTok Cuts 60 Jobs In Sales And Advertising
  19. Flexport To Cut 500 Jobs As Shipping Demand Slows
  20. Microsoft To Cut 1,900 Jobs In Gaming Division
  21. Levi Strauss To Cut Corporate Workforce By 15 Percent
  22. John Lewis To Cut Up To 11,000 Jobs Over Five Years 
  23. Lloyds To Cut Another 1,600 Jobs
  24. Channel 4 Plans To Cut 250 Jobs
  25. Paramount Chief Announces Layoffs Amid Cost-Cutting Measures
  26. Business Insider Axes 8 Percent Of Staff
  27. IRobot Cuts 31 Percent Staff After Amazon Merger Collapses
  28. UPS Announces 12,000 Job Cuts In A Drive For Profitability
  29. PayPal To Cut 2,500 More Jobs In Latest Tech Layoffs
  30. Sky Confirms 1,000 Job Losses As Customer Preferences Shift

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