Brief by Shorts91 Newsdesk / 05:45am on 28 Feb 2024,Wednesday Tech Today
Sony is cutting 900 jobs at its PlayStation unit and closing a London studio due to a sluggish post-pandemic videogame market. This represents about 8% of the division's workforce globally. The company cites changes in industry dynamics for the layoffs. Sales expectations for the PlayStation 5 have been lowered, and no major franchise titles are planned for the next fiscal year. The global videogame market grew by only 0.6% in 2023. Sony's decision aligns with similar moves by Microsoft and Riot Games.
