Sony Interactive Entertainment lays off 900 people
sonyinteractive.com
Sony Interactive Entertainment lays off 900 people
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Re: Sony Interactive Entertainment lays off 900 people
#2[flagged]
Re: Sony Interactive Entertainment lays off 900 people
#3It's not the worst "y'all are fired mail" we've seen in recent times but notice how the first two paragraphs, the most dense and buzzword ridden parts of the letter, do not include a concrete reason why they are reducing their workforce. After that part it becomes very precise and readable.
Re: Sony Interactive Entertainment lays off 900 people
#4Is this one of those "we're doing great, you're fired" situations, or is there a real market reason? The PS5 seems to be selling well.
Re: Sony Interactive Entertainment lays off 900 people
#5It must be fun to be paid millions to write boilerplate "our incredible journey" garbage and pretend it's serious. They just announced 7% growth sales forecast prior to the layoffs, they aren't a struggling company that needs
to buy more runaway.
God I just wish one executive had the balls to say, "yeah we're culling 8% of our staff largely randomly because we estimated our dead weight is greater than that." It would at least treat employees as adults that can have adult conversations and take bad news. The only hard decision was where to celebrate after because the stock bump.
Re: Sony Interactive Entertainment lays off 900 people
#6It's not the worst "y'all are fired mail" we've seen in recent times but notice how the first two paragraphs, the most dense and buzzword ridden parts of the letter, do not include a concrete reason why they are reducing their workforce. After that part it becomes very precise and readable.
Is there ever really a reason beyond “we don’t need you and/or can’t afford you”? I don’t think it really needs to be spelled out.
Re: Sony Interactive Entertainment lays off 900 people
#7Is this one of those "we're doing great, you're fired" situations, or is there a real market reason? The PS5 seems to be selling well.
London Studio and Firesprite were recently working on VR titles, and the PSVR2, while a neat product, does not seem to be selling well.
Re: Sony Interactive Entertainment lays off 900 people
#8It's not the worst "y'all are fired mail" we've seen in recent times but notice how the first two paragraphs, the most dense and buzzword ridden parts of the letter, do not include a concrete reason why they are reducing their workforce. After that part it becomes very precise and readable.
> do not include a concrete reason why they are reducing their workforce
They're always one of two things: 1) the company is failing and we need to do this to stay afloat; or 2) the board thinks we can make more money by doing a round of layoffs and have determined that the negative repercussions of this are worth that money.
I wasn't able to easily find revenue numbers on SIE, just on Sony as a whole, but it seems pretty obvious this is a #2. It doesn't matter how many "stay agile" or other buzzwords they toss out. When you boil it down, it's about a lot of people losing their livelihoods so a few extremely rich people can be a tiny fraction richer.
Re: Sony Interactive Entertainment lays off 900 people
#9Is this one of those "we're doing great, you're fired" situations, or is there a real market reason? The PS5 seems to be selling well.
Sony is saying PS5 is entering ‘The Latter Stage of Its Life Cycle’[0] while there are only 13 PS5 exclusive titles available [1]. So PS5 is propably not doing well.
[0] https://www.ign.com/articles/ps5-entering-the-latter-stage-o... [1] https://en.wikipedia.org/wiki/Category:PlayStation_5-only_ga...
Re: Sony Interactive Entertainment lays off 900 people
#10It's not the worst "y'all are fired mail" we've seen in recent times but notice how the first two paragraphs, the most dense and buzzword ridden parts of the letter, do not include a concrete reason why they are reducing their workforce. After that part it becomes very precise and readable.
Is there ever really a reason beyond “we don’t need you and/or can’t afford you”? I don’t think it really needs to be spelled out.
Afaik, it's also legally inadvisable to ever be precise on the reason for firing, outside of performance.
So every company with a legal team errs on the side of saying as little as possible.