Ovunc Kutlu
February 27, 2024•Update: February 27, 2024
ISTANBUL
Japanese multinational tech conglomerate Sony announced Tuesday it will cut around 8% of its global workforce in PlayStation division, or approximately 900 employees.
"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," it said in a statement.
"PlayStation Studios’ London Studio will close in its entirety," it added.
There will also be reductions in Liverpool-based Firesprite and Amsterdam-based Guerrilla Games, which are first-party developers for PlayStation Studios
In addition, the US-based studios and groups that will be affected by the decision include Insomniac Games, Naughty Dog, and Sony's technology, creative, and support teams.
The employees in the US that will be affected by the move will be notified later Tuesday, said the company.
Dozens of companies in the US technology sector have been cutting jobs since the final quarter of last year as they struggle with lower income and falling advertisement revenue.
Expedia, DocuSign, Snap, Uber, Reddit, Disney, 3M, Amazon, Yahoo, Affirm, Zoom, Dell, IBM, Microsoft, Salesforce, PayPal and Google's parent company, Alphabet, have laid off workers by the thousands since the last quarter of 2023.
