Latest Gaming Industry Cuts: Sony Lays Off 900 PlayStation Employees
James Farrell
Feb 27, 2024,10:04am EST
Updated Feb 27, 2024, 10:27am EST
TOPLINE Sony Interactive Entertainment, Sony’s video game division, is laying off 900 employees across multiple PlayStation studios and will completely close its London studio, the company announced Tuesday, the latest in a series of layoffs that have impacted the video game industry.
Sony-New PlayStation
FILE - In this June 14, 2018, file people stand online next to the PlayStation booth at the 24th ... [+]COPYRIGHT 2018 THE ASSOCIATED PRESS. ALL RIGHTS RESERVED.
KEY FACTS
The layoffs amount to around 8% of Sony Interactive Entertainment’s workforce, and will impact employees across all of the company’s regions, according to Sony Interactive Entertainment CEO Jim Ryan.
Some of the company’s biggest gaming studios are affected—including Insomniac Games and Naughty Dog, developers of hit games “Spider-Man” and “The Last of Us,” respectively.
In an email to staff, Ryan said the cuts were the result of discussions 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.”
The company pledged that “affected employees will receive support, including severance benefits,” Ryan said.
James Farrell
Feb 27, 2024,10:04am EST
Updated Feb 27, 2024, 10:27am EST
TOPLINE Sony Interactive Entertainment, Sony’s video game division, is laying off 900 employees across multiple PlayStation studios and will completely close its London studio, the company announced Tuesday, the latest in a series of layoffs that have impacted the video game industry.
Sony-New PlayStation
FILE - In this June 14, 2018, file people stand online next to the PlayStation booth at the 24th ... [+]COPYRIGHT 2018 THE ASSOCIATED PRESS. ALL RIGHTS RESERVED.
KEY FACTS
The layoffs amount to around 8% of Sony Interactive Entertainment’s workforce, and will impact employees across all of the company’s regions, according to Sony Interactive Entertainment CEO Jim Ryan.
Some of the company’s biggest gaming studios are affected—including Insomniac Games and Naughty Dog, developers of hit games “Spider-Man” and “The Last of Us,” respectively.
In an email to staff, Ryan said the cuts were the result of discussions 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.”
The company pledged that “affected employees will receive support, including severance benefits,” Ryan said.
