Sony Interactive Entertainment (SIE) On Tuesday, it announced a regulation that will affect 8 percent of the global workforceThis means that approximately 900 employees will leave their jobs.
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Sony Interactive Entertainment President and CEO Jim Ryan justified this decision after extensive analysis and numerous leadership meetings over several months.
“After careful consideration over several months and many leadership discussions, it became clear that Changes need to be made to continue to grow the business and improve the company,” Ryan said.
The main focus of this restructuring aims to ensure the long-term sustainability of the company by trying to optimize existing resources to ensure continued success in the market.
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This measure will have a global scope and will affect employees in all regions where SIE operates. America, Japan, Asia Pacific, Europe, Middle East and Africa (EMEA).
Hermen Hulst, president of PlayStation Studios, stated that the affected studios in the US include Insomniac Games and Naughty Dog, as well as their technology, creative and support teams.
In Europe, reductions in Guerrilla and Firesprite are part of the measures, as well as the complete closure of PlayStation Studios’ London Studio. and minor adjustments to other PlayStation Studios equipment.
In February, Sony announced that it had made a net profit of 781,568 million yen (a value of over 20,400 million euros) in the first nine months of its fiscal year, which ends on March 31.
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This represents a decrease of 9.6 percent compared to the previous fiscal year. The company also lowered its annual revenue forecasts. Due to the decline in sales of the PlayStation 5 console.
Despite a 12.3 percent increase in the company’s overall revenue, annual forecasts were adjusted downward, driven in part by a 23.3 percent revenue increase from its video game business.
In the period from April to December 2023, the revenue of the Japanese industrial group reached 8.44 trillion yen, showing a significant increase of 12.3 percent.
This increase included a significant growth of 23.3 percent in revenue from the video game business, amounting to 3.17 trillion yen (approximately 19.67 billion euros).
(You see: Sony won’t be releasing products from its biggest franchises in the next fiscal year.)
Regarding forecasts for the current fiscal year, which will end on March 31, 2024, the Japanese company expects to achieve a turnover of 12.3 trillion yen. It increased by 12 percent compared to the previous year.
In the third quarter of Sony’s fiscal year, 8.2 million units were sold, below the expected 9 million.
As a result, the multinational company has adjusted its total sales forecast for this year downwards to 21 million units. instead of the 25 million originally projected.
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*This content was rewritten with the help of artificial intelligence, based on information published by Europa Press, and reviewed by the journalist and editor.
Source: Exame
I am Bret Jackson, a professional journalist and author for Gadget Onus, where I specialize in writing about the gaming industry. With over 6 years of experience in my field, I have built up an extensive portfolio that ranges from reviews to interviews with top figures within the industry. My work has been featured on various news sites, providing readers with insightful analysis regarding the current state of gaming culture.
