PlayStation to Lay Off 900 Employees, or 8% of Workforce
27.02.2024 - 14:34
/ variety.com
Jennifer Maas TV Business Writer Sony‘s PlayStation has joined the long list of video game companies hit by layoffs in 2024. Approximately 900 Sony Interactive Entertainment employees, or 8% of PlayStation’s global workforce, will be impacted by the cuts, per outgoing-CEO Jim Ryan. Employees across the Americas, EMEA, Japan, and APAC regions will be affected and several studios, including PlayStation’s London studio, will shutter.
“These are incredibly talented people who have been part of our success, and we are very grateful for their contributions,” Ryan said. “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.” In an interview with Variety published Feb.
21, Ryan addressed the recent waves of layoffs at competitors, including Microsoft Gaming, Riot Games and Epic Games, but was unable to offer much beyond encouragement amid uncertainty. “It obviously is a difficult time for many,” Ryan said. “I would just say that nobody can ever be complacent, and nobody can ever feel that anything’s forever.” See Ryan’s memo to staff below.
Team, It is important to provide you with updates about the business as often as possible. 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
.