• 3,000 firms
  • Independent
  • Trusted
Save up to 70% on staff

News » Sony cuts 900 jobs in PlayStation division

Sony cuts 900 jobs in PlayStation division

CALIFORNIA, UNITED STATES — Sony Interactive Entertainment is the recent tech firm to announce widespread layoffs, cutting 900 jobs across its PlayStation division or about 8% of the unit’s global workforce. 

The restructuring comes as the Japanese gaming company revised its sales forecast for the PlayStation 5 console down to 21 million units, from a previous target of 25 million, citing slowing demand.

The job cuts will impact PlayStation employees globally, including studios like Naughty Dog, Guerrilla Games, and Insomniac Games. Sony’s London studio will be shuttered completely, said Hermen Hulst, Head of PlayStation Studios.

Jim Ryan, President & CEO, Sony Interactive Entertainment acknowledged the immense change in the industry so they need to “future ready” themselves.

“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.”

The job cuts and conservative PS5 forecast knocked Sony’s share price down 0.3% on Tuesday, lopping off around $10 billion in market value last week. 

It comes amid a broader slump in gaming and a wave of layoffs across tech giants like Microsoft, which cut 1,900 Xbox division jobs in January after acquiring Activision Blizzard. Other tech companies that announced plans to cut their workforces include Alphabet, Amazon, Paypal, Salesforce, Snap Inc, Cisco and DocuSign

According to data aggregation website Layoffs.fyi, over 240,000 employees from the tech segment were laid off globally in 2023, and more than 49,000 from 186 tech companies so far this year.

Start your
journey today

  • Independent
  • Free
  • Transparent

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 450+ podcast episodes, and a comprehensive directory with 4000+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.

“Excellent service for outsourcing advice and expertise for my business.”

Learn more
Banner Image
Get 3 Free Quotes Verified Outsourcing Suppliers
3,000 firms.Just 2 minutes to complete.
SAVE UP TO
70% ON STAFF COSTS
Learn more

Connect with over 3,000 outsourcing services providers.

Banner Image

Transform your business with skilled offshore talent.

  • 3,000 firms
  • Simple
  • Transparent
Banner Image