900 Jobs Cut by PlayStation as the Industry Purge Continues to Destroy Lives – Are Record Profits Not Enough?

Life and layoffs spare none.

SUMMARY

  • PlayStation has had an immensely successful run in the last calendar year and the company saw a lot of profits as high echelon titles like Marvel's Spider-Man 2 and Final Fantasy XVI were released.
  • The console also outsold its competition by a 3-to-1 and is also on track the beat the PlayStation 4's sales record as projected due to a boost in sales during last year's holiday season.
  • Despite such a postive momentum for Sony and PlayStation, news has been broken by the media company Bloomberg that the gaming company has recently laid off 900 employees.
Show More
Featured Video

PlayStation has been the fan-favorite for gamers who love AAA gaming since Sony released its first console. The brand in the current scenario is known for its single-player exclusives, which are second to none in terms of quality.

Advertisement

By all means, Sony’s latest console, the PS5, has decimated the competition and outsold its arch nemesis, the Xbox Series X|S console lineup, by a 3-to-1 difference. The console is also all set to break the PS4’s record and is now in stock everywhere. However, news has broken out that the ongoing trend of layoffs in the industry has now struck the company. As per Bloomberg, the company recently laid off close to 900 employees. Across the world

PlayStation becomes the latest to be hit with layoffs

The PlayStation 5 had a phenomenal time last year in terms of sales.
The PlayStation 5 had a phenomenal time last year in terms of sales.

The financial, software, data, and media company Bloomberg initially broke the news on its official website. A news reporter from the company also shared a Tweet on their personal profile stating the same and sharing some details.

Advertisement

The tweet is as follows:

Nine hundred individuals are 8% of the company’s global workforce for ready reference. First-party PlayStation Interactive Entertainment Studios, which have recently released some fantastic titles in the market, will also be affected by layoffs.

As per the report by Bloomberg, the studio behind Marvel’s Spider-Man 2, the marquee release for the PS5 in 2023, Naughty Dog, The Last of Us, and Guerilla behind the Horizon series are some of the studios being named. Apart from the studios mentioned above, the company’s studio responsible for VR titles on the console was also shut down.

Advertisement

It is a shock for everyone as PlayStation and its first-party studios have done remarkably well recently, and the sales numbers were more than impressive in the previous year.

Will the layoffs at PlayStation affect upcoming games?

Naughty Dog, the studio behind the Uncharted Series is also affected by the layoffs at PlayStation.
Naughty Dog, the studio behind the Uncharted Series, is also affected by the layoffs at PlayStation.

It is no secret that PlayStation studios won’t release exclusive titles developed at the company’s first-party studios in 2024. The news regarding the company taking a step back this calendar year was reported recently.

Since no releases are planned in the current calendar year, this should give the company enough time to bolster its workforce if needed. Having stated that, it is doubtful that games not slated to come out till 2025 will be affected by this, as sudden layoffs always affect games scheduled for release sooner.

Advertisement

On the other hand, the company’s VR division will most likely take a massive hit as one of the studios affected by the layoffs is responsible for VR titles on the console. So gamers who just purchased a PlayStation VR should be wary of their purchase. It goes without saying that if one were pondering upon purchasing a PSVR, right now might not be the best time.

Follow us for more entertainment coverage on FacebookTwitterInstagram, and YouTube.

Advertisement
Avatar

Written by Sparsh Jaimini

Articles Published: 315

Sparsh Jaimini Sharma is a video games enthusiast and a Games Writer. A true white-blooded Madridsta. He is often seen grinding away at EAFC 24's Ultimate team and learning to code when he is not writing. A Batman fan and Arkham Games connoisseur. He is the quintessential DC aficionado.