Japan’s Sony is cutting about 900 jobs at its PlayStation unit and shutting a studio in London, it said on Tuesday as the videogame industry struggles to recover from a post-pandemic slump. The layoffs will affect about 8% of the division’s staff in regions from the Americas to Asia and come days after Sony slashed the annual sales expectation for its PlayStation 5 console. “We have concluded that tough decisions have become inevitable,” said Sony gaming chief Jim Ryan, blaming it on changes in the way the videogame industry develops, distributes and launches products. Ryan is set to retire in March.

Reuters

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