PlayStation Announces Massive Layoffs — 900 Employees Fired, Internal Sony Studio Shutdown, Game Cancellations

Sony Interactive Entertainment, the Japanese company that manufactures PlayStation, has announced significant staff cuts following similar news from fellow ‘big three’ member, Microsoft.

Outgoing PlayStation chief, Jim Ryan, confirmed the layoff of nearly 900 employees worldwide, equating to around 8% of the total workforce.

Ryan described the decision to restructure and lay off a vast number of staff as incredibly difficult but necessary under the current circumstances to ensure the company’s ongoing development and growth.

The layoffs will affect Sony’s internal studios such as Naughty Dog, Insomniac Games, Guerrilla Games and Firesprite Games, along with specialists from several support teams focusing on technology, support, and creative aspects.

Furthermore, the London Studio (Blood & Truth), known for its work on a co-op action game for PS5 set in fantasy London, will be closed as part of the initiative.

In a press statement concerning these recent events, Hermen Hulst, PlayStation Studios head, also mentioned that several under-development games have been cancelled as part of the restructuring process, though it remains unclear exactly which ones.

Hulst stated that experimentation has always been encouraged at PlayStation, but not all good ideas evolve into excellent games before shifts in market trends or industry paradigms occur.

This post was last modified on 02/27/2024

Matthew Harmon: Hey folks, I'm Matt Harmon, your storyteller in the dynamic realm where technology and gaming collide. As an author for tech and gaming news on Dave's iPAQ, I'm on a mission to unravel the tales that shape the digital landscapes we live, work, and play in. From the pixelated nostalgia of retro consoles to the immersive worlds of virtual reality, gaming is more than a passion – it's a way of life. I delve into the latest releases, gaming industry trends, and the ever-evolving technology that elevates our gaming experiences. In the fast-paced world of technology, I'm your guide through the digital labyrinth. Whether it's the latest gadgets, software updates, or breakthrough innovations, I'm here to break down the jargon and deliver tech news in a way that's accessible to all. Working on Dave's iPAQ isn't just a job; it's an opportunity to connect with a community that shares the excitement for the convergence of technology and gaming. I engage in discussions, share insights, and explore the interplay between the virtual and the real.