The head of Sony’s gaming division, Jim Ryan, announced mass layoffs. 900 PlayStation employees will be cut, which is 8% of the staff.

Sony’s market value declined sharply after the publication of the quarterly report for October-December 2023, CNBC writes. The report was released on February 14, and by the evening of February 16, the company was estimated to be $10 billion cheaper.

Sony reported for the third quarter of fiscal 2023, which ended on December 31. Below are the indicators of the company’s gaming division.

In 2023, 2.58 million PlayStation 5 copies were sold in Japan, according to Game Data Library analysts. The last time any one Sony console had such high annual sales in the country was in 2010 – during the PlayStation Portable era.

Kotaku editors have studied some of the documents that got online after the hacker attack on Insomniac Games. She discovered that the studio was trying to optimize costs and was preparing for layoffs.

Among the leaked Insomniac Games documents, a table with game sales data from Sony’s internal studios and its partners was found. It is assumed that the figures relate only to the PlayStation versions and are relevant for February 2022.

Sony failed to annul a class action lawsuit filed by British gamers in August 2022. The UK Competition Court of Appeal ruled that the company must justify its position at the hearing.

This was told by the head of Epic Games, Tim Sweeney, during a hearing in the case of Epic Games and Google due to the removal of Fortnite from Google Play.

In the financial report, Sony announced that Marvel’s Spider-Man 2 sales exceeded 5 million copies. The game took this mark 11 days after the release.

Sony announced the results of the second quarter of fiscal 2023 (July-September 2023). Below is a brief summary of the success of the gaming division.

The fact that the Sony-owned Bungie game studio will be affected by a wave of layoffs was reported by Bloomberg journalist Jason Schreier.

At the beginning of the week, the creator of the God of War series, David Jaffe, citing sources, said that Connie Booth, one of the iconic figures of the gaming division, had left Sony. Now a Sony representative in a comment to Axios confirmed that Booth no longer works for the company.

Connie Booth, vice president of game development, has left Sony. So say the sources of the creator of the God of War series David Jaffe (David Jaffe).

The updated PS5 line will be 30% smaller than the current one, but the new consoles in it do not bear the name Slim.

Gaming expert Simon Carless once again examined the documents used in the court between Microsoft and the US Federal Trade Commission (FTC). He found a report on a meeting of the almost former head of PlayStation, Jim Ryan, with managers of the Fidelity Investments investment corporation in 2022. It discussed the PlayStation strategy and its plans to create game services.

Jim Ryan, who heads Sony’s gaming division, has decided to leave the company. His last working day will be March 31, 2024.

On August 30, Sony announced that it would raise the cost of an annual PlayStation Plus subscription by a third in September. Investors took this decision well: at Friday’s trading, the company’s stock price rose by 3.4%.

Sony has published a financial report for April-June 2023. We tell you how the quarter went for the gaming division of the company.

At the end of July, Sony for the first time lowered the prices of the PlayStation 5 in a number of countries, including the UK. According to GfK, because of this, weekly console sales in the British market increased by 75% in units and by 63% in monetary terms.