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Sony cuts 900 jobs from PlayStation division in latest tech culling

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Sony cuts 900 jobs from PlayStation division in latest tech culling

Sony is cutting 900 jobs from its PlayStation division, the gaming company announced Tuesday, becoming the latest tech giant to lay off part of its workforce.  CEO and Sony Interactive Entertainment (SIE) President Jim Ryan announced the layoffs in a Tuesday email to PlayStation workers, saying they represent an 8 percent reduction across the company’s … Read more

Why tech companies are laying off thousands of workers

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Why tech companies are laying off thousands of workers

Major technology companies have cut thousands of jobs since the start of 2024 as the rise of artificial intelligence (AI) and interest rates upend the tech sector. While the U.S. job market remains remarkably strong on the whole, tech companies have cut nearly 40,000 jobs in the first two months of 2024, according to Layoffs.fyi. … Read more