Sony announces plans to layoff 8% of gaming division workers
02/27/2024 23:59
Sony Group (SONY) is joining the trend of companies reducing headcounts, announcing it will lay off around 900 employees globally from Sony Interactive Entertainment, or 8% of the video game segment's workforce. This restructuring comes after Sony cut its sales forecast for the PlayStation 5, citing slowing demand for its flagship gaming console. Yahoo Finance's Brad Smith and Seana Smith break down the details and how this restructuring will affect Sony's video game division. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
Sony Group (SONY) is joining the trend of companies reducing headcounts, announcing it will lay off around 900 employees globally from Sony Interactive Entertainment, or 8% of the video game segment's workforce. This restructuring comes after Sony cut its sales forecast for the PlayStation 5, citing slowing demand for its flagship gaming console.
Yahoo Finance's Brad Smith and Seana Smith break down the details and how this restructuring will affect Sony's video game division.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Angel Smith