Current Events > Sony lays off 900 people from its gaming divisions; closes London studio

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Alucard188
02/27/24 8:36:19 AM
#1:


https://twitter.com/jasonschreier/status/1762463887369101350?t=bGBtrUGnf_fPJeZqEtYtlg&s=19

The layoffs continue until profitability improves.

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ZMythos
02/27/24 8:37:32 AM
#2:


Yes it was a staffing issue that's led to Sony's current drop in revenue. Nothing else.

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Ratchetrockon
02/27/24 8:38:00 AM
#3:


noooo

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PeteyParker
02/27/24 8:39:49 AM
#4:


One would think that executives taking a pay cut/not getting a bonus this year would save much more than laying off 900 people. What am I saying? That's crazy talk!

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Mechu
02/27/24 8:41:56 AM
#5:


Bastards

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Error1355
02/27/24 8:49:21 AM
#6:


But think of the shareholders?!?!?!

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CARRRNE_ASADA
02/27/24 8:57:33 AM
#7:


Seems like the London studio wasnt doing much? Some vr games and an online multiplayer game that hadnt been announced,

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Foppe
02/27/24 9:34:33 AM
#8:


PeteyParker posted...
One would think that executives taking a pay cut/not getting a bonus this year would save much more than laying off 900 people. What am I saying? That's crazy talk!
The executives deserves a huge bonus for doing this!!!

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Irony
02/27/24 9:45:58 AM
#9:


No but we need more live as a service games and NFTs

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Smashingpmkns
02/27/24 9:50:09 AM
#10:


Guess insomniac and naughty dog are impacted by these layoffs too. Pretty fucked up

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-ZIO-
02/27/24 9:52:57 AM
#11:


Sure has been alot of layoff going on this year . . .

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Solar_Crimson
02/27/24 9:53:18 AM
#12:


PeteyParker posted...
One would think that executives taking a pay cut/not getting a bonus this year would save much more than laying off 900 people. What am I saying? That's crazy talk!
You have to really admire Iwata, Miyamoto, and other Nintendo execs doing this when the Wii U was floundering, because they believed that laying off workers would reduce worker morale.

Most other companies, especially Western companies, wouldn't dream of doing this.

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PeteyParker
02/27/24 10:17:33 AM
#13:


Foppe posted...
The executives deserves a huge bonus for doing this!!!

What happened to "we're not a team, we're a family!"?

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Alucard188
02/27/24 10:42:59 AM
#14:


https://twitter.com/jasonschreier/status/1762503092593999913?t=J-83jGkfLjAMQGRSmayR5g&s=19

Perhaps the only good news to come out of this. We don't need any more live service bullshit. Fuck off at that.

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noisetank
02/27/24 3:14:10 PM
#15:


guess selling millions of consoles doesnt mean shit when youre losing money on big-budget games.

sad for all the people who lost jobs tho.

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trappedunderice
02/27/24 3:16:52 PM
#16:


They about to raise the price of ps plus time to ditch consoles and get a pc.
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SaikyoStyle
02/27/24 3:23:43 PM
#17:


Foppe posted...
The executives deserves a huge bonus for doing this!!!
They told me so themselves!

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[deleted]
02/27/24 4:01:53 PM
#24:


[deleted]
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Dabrikishaw15
02/27/24 5:10:57 PM
#18:


Is there anyone actually working in the industry right now

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tremain07
02/27/24 5:12:04 PM
#19:


Meanwhile over at Nintendo.....

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Punished_Blinx
02/27/24 5:13:22 PM
#20:


Right after the disappointing financial results so they can show better margins next quarter. Gross!

It's going to be a rough decade ahead for gaming. Everything in the gaming industry peaked in 2021 and not many companies have an answer to show growth to investors. So less risks, less games and higher prices are going to be the solution for most.

tremain07 posted...
Meanwhile over at Nintendo.....

Meanwhile at Nintendo they're trying to kill emulators for good. They sued Yuzu this same day.

Nintendo are overall a bit different because I don't believe they went on a hiring and acquisition spree like most as they're generally more conservative. But they're also in a better spot than most right now with a new generation teasing everyone to grow spending.

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Foppe
02/27/24 5:14:14 PM
#21:


Sony always wins.

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Prismsblade
02/27/24 5:17:16 PM
#22:


The tech sector has been getting hammered recently for the most part frankly. Layoffs are their only means for maintaining profitability at this point but that wont last.

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darklink1017
02/27/24 5:17:55 PM
#23:


It's AI.

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Kradek
02/27/24 5:47:39 PM
#25:


darklink1017 posted...
It's AI.

Don't you mean President Biden's responsible? He's responsible for all capitalist layoffs, right?

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Revisited
02/27/24 6:00:25 PM
#26:


Fucking hell this is miserable news. Shutting down the London office to boot?

We're never getting sly 5 are we...
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#27
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CADE_FOSTER
02/27/24 6:06:08 PM
#28:


Just like M$ now smh
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