900 people will be laid off
Sony's PlayStation division is going through a difficult period as the company announced a significant reduction in its workforce by about 8% or about 900 people.
This move will affect various world-famous PlayStation studios such as Insomniac Games, Naughty Dog, Guerrilla Games and Firesprite. Sony's initiative reflects a broader restructuring trend within the sector aimed at maintaining competitiveness and ensuring long-term sustainability.
PlayStation CEO Jim Ryan expressed the complexity of the decision, highlighting its global impact on the company's employees, including those at key development studios. The closure of PlayStation London, known for its PlayStation VR games, along with cuts in other key areas, confirms the company's decision to focus more on PC and mobile gaming platforms. Sony sees growth prospects in these areas.
The restructuring follows disappointing sales performance for the PS5, causing Sony's share price to fall significantly. Despite these challenges, the company is committed to expanding its horizons by investing in areas outside of traditional consoles.
For PC players, this could mean more former console exclusives coming out.