More layoffs, Sony cuts 900 jobs in PlayStation, London studio to close down

The company will discontinue several gaming projects

2 min. read

Published onFebruary 28, 2024

published onFebruary 28, 2024

Share this article

Read our disclosure page to find out how can you help Windows Report sustain the editorial teamRead more

Sony, onFebruary 27, 2024, announced massive job cuts globally. 900 employees, or about 8% of the global headcount, will be laid off, as per theofficial release.

The Tokyo-based company also confirmed closing down the London Studio, responsible forSingstar, entirely and reduction in Firesprite studio, while other studios worldwide will be affected by the job cuts.

In an email sent to the team,Jim Ryan,President & CEOofSony Interactive Entertainment, says,

It also states that affected employees will receive severance benefits, though the exact details have not emerged so far.

The announcement comes on the heels of Sony’s stocking value dropping$10billion after it revised the PS5 sales forecast from25million to21million units.

Also, there are reports that Sony will be cancelling the development of multiple games due to the existing market dynamics.

As per available figures,34,000employees have been affected by layoffs in the first two months of2024. Just last month, another gaming giant,Xbox, released 1900 employees. More layoffs are expected in the coming days as tech giants aim to optimize operations and boost revenue!

With KB5043178 to Release Preview Channel, Microsoft advises Windows 11 users to plug in when the battery is low#

Copilot in Outlook will generate personalized themes for you to customize the app#

Microsoft will raise the price of its 365 Suite to include AI capabilities#

Death Stranding Director’s Cut is now Xbox X|S at a huge discount#

Outlook will let users create custom account icons so they can tell their accounts apart easier#

More layoffs, Sony cuts 900 jobs in PlayStation, London studio to close down#

With KB5043178 to Release Preview Channel, Microsoft advises Windows 11 users to plug in when the battery is low

Copilot in Outlook will generate personalized themes for you to customize the app

Microsoft will raise the price of its 365 Suite to include AI capabilities

Death Stranding Director’s Cut is now Xbox X|S at a huge discount

Outlook will let users create custom account icons so they can tell their accounts apart easier

More layoffs, Sony cuts 900 jobs in PlayStation, London studio to close down