PlayStation is Laying off 900 People
Less than two months into 2024, it’s already been a brutal year for the games industry, with a number of companies having been hit with mass layoffs, resulting in thousands of jobs being cut across the industry. PlayStation has, sadly, now joined that worryingly ever-growing list.
Sony Interactive Entertainment has announced that it is laying off around 900 people, which is roughly 8% of its workforce. In a message published on the company’s official website, PlayStation CEO Jim Ryan – who is set to retire at the end of next month – wrote, “These are incredibly talented people who have been part of our success, and we are very grateful for their contributions. However, the industry has changed immensely, and we need to future ready ourselves to set the business up for what lies ahead. We need to deliver on expectations from developers and gamers and continue to propel future technology in gaming, so we took a step back to ensure we are set up to continue bringing the best gaming experiences to the community.”
Ryan also shared a copy of the internal email he sent to PlayStation staff earlier today, informing them of the company’s impending restructuring plans and their repercussions.
“It is important to provide you with updates about the business as often as possible,” he wrote. “Today, I am writing with sad news. Through discussions over the past few months about the evolving economic landscape, changes in the way we develop, distribute, and launch products, and ensuring our organization is future ready in this rapidly changing industry, we have concluded that tough decisions have become inevitable. The leadership team and I made the incredibly difficult decision to restructure operations, which regrettably includes a reduction in our workforce impacting very talented individuals who have contributed to our success.
“After careful consideration and many leadership discussions over several months, it has become clear changes need to be made to continue to grow the
Read more on gamingbolt.com
