PlayStation is laying off people

Yesterday 13 Comments

Why? I thought it's doing well.

TC: ๐ŸŽฎ
#PlayStation

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TOP 13 Comments
  • Meta
    jnycg

    Go to company page Meta

    jnycg
    Doing poorly: lay off people to save money.
    Doing well: lay off people for record profits.
    Yesterday 1
    • Basis Global Technologies
      your_crush

      Basis Global Technologies

      your_crush
      Neither: acquired by Elon Musk and laid off the entire staffs for efficiency
      Yesterday
  • Adobe
    CC1000

    Go to company page Adobe

    CC1000
    PS5 has been out of stock for 2+ yrs, most probably significant revenue targets missed
    Yesterday 4
    • Basis Global Technologies
      your_crush

      Basis Global Technologies

      your_crush
      PS5 is doing well so there are revenues
      Yesterday
    • Adobe
      CC1000

      Go to company page Adobe

      CC1000
      Nobody said revenue is not there, itโ€™s the missed QoQ targets that put pressure and leads to layoffs. PS5 consoles are not a loss leader anymore and they were counting on the HW to contribute to bottom line.
      Yesterday
  • Sony / IT
    plystation

    Go to company page Sony IT

    PRE
    TSYS
    plystation
    Nothing that i am aware of. What is the source of this news?
    Yesterday 3
    • Look at Xbox studio recruiters posts on LinkedIn. Itโ€™s from Microsoft people.
      Yesterday
    • Sony / Eng
      grokker

      Go to company page Sony Eng

      grokker
      Yeah that recruiter initials SD. And the layoff was done in retail marketing team as operations were kind of shutdown due to the pandemic. Recruiters just find any piece of information to leverage their position on LinkedIn.
      We are hiring like crazy and people are also leaving like crazy. I donโ€™t think shutting down the retail team had anything to do with revenue and profits.
      10h
  • Sony
    jPqt24

    Go to company page Sony

    jPqt24
    What? Who said? Where did you read?
    15h 0
  • Intel / R&D
    exvcpp

    Go to company page Intel R&D

    exvcpp
    Layoffs needs to make sense.
    Yesterday 0