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    Anu T S in News

    28 Feb 07:30 AM


    ‘Changes need to be made’: Sony to layoff 900 PlayStation employees

    The layoffs will also impact layoffs three on Sony's most successful subsidiaries, all game-makers, the company said.
    Sony Group Corp. will lay off 900 people across its video-game division worldwide, or about 8% of its employees, and close a group in London.
    “After careful consideration and many leadership discussions over several months, it has become clear changes need to be made to continue to grow the business and develop the company,” departing Sony Interactive Entertainment President and Chief Executive Officer Jim Ryan wrote Tuesday in a note to staff, addressing the cuts.
    Sony shares plunged earlier this month on news that it was cutting projections for its PlayStation 5 console. In comments to shareholders, Sony Interactive Entertainment Chairman Hiroki Totoki said the company was looking to boost margins and improve its development efficiency.

    Source - Hindustan Times