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Sony Interactive Entertainment announced today that it plans to lay off around 8% of its global workforce, affecting approximately 900 employees. SIE president and CEO Jim Ryan stated that the restructuring is necessary to navigate challenges in the gaming industry, with over 1,600 jobs already lost in 2024. This move aims to position the company for future success.
Ryan informed SIE employees of the impending layoffs through a period of collective consultation. He reassured the staff that decisions will be made transparently and emphasized the company’s commitment to delivering exceptional gaming experiences. Following Ryan’s retirement in March, Hiroki Totoki will assume the role of interim CEO.
Hermen Hulst, head of PlayStation Studios, provided further details on the impacted studios, including the closure of PlayStation’s London studio and reductions at Naughty Dog, Insomniac, Guerrilla Games, and Firesprite. He confirmed that some projects in development will be canceled but emphasized that the decisions were not a reflection of the team members’ capabilities or dedication.
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