Sony Computer Entertainment lay-offs due to industry change |
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Recently, Sony Computer Entertainment Europe announced that around 10% of their employee base would have to be "let go" to reduce costs for the company. While many speculated that the lay-offs had something to do with less than stellar PlayStation 3 sales performance, SCE spokesperson Satoshi Fukuoka denied that they had any relations to the slow start of Sony's next-gen console.Sony's game division has lost an approximated US$ 1.7 billion for the last fiscal year, which made many analysts speculate that the PlayStation 3 has been the biggest "sink factor" to Sony's earnings growth, despite good leverage in the consumer electronics market. In contrast, the PlayStation and PlayStation 2 have sold more than 100 million units each around the world, allowing Sony to be the leading console brand in the $30 billion video game market over the past decade.
Instead, Fukuoka attributed the job slashing to the alleged changes in the game industry, which had a lot to do with the rise of online digital content distribution. The jobs of some employees had become "redundant" and some services were no longer needed by the company.
Fukuoka also said that Sony Computer Entertainment America and Japan may also see "streamlining" to their operations in the future, although he had admitted that there were no final decisions made so far.
Via Reuters
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Comments [refresh]
Sony's going downhill. Sony fanboys are too insecure to acknowledge the fact.
Cry Sony fanboys! Everyone loves hearing the crap you spew!
Post below me is gay.
Old news. I read this already 4 "updates" ago.
Post above me is transsexual.
Industry change=Nintendo outselling us in Japan (portable and console market) and Microsoft outselling us in Europe and the US.
Where's my fkn PSP-Lite Sony :)
every company reduced their numbers each years since some programs render useless some jobs every year, dah. Anyway the ps3 sold 3M consoles and upgraded the sony LCD TV buiness by getting them 3 G$ more only this year... personnally, that's what I call a lot of money!
Also, sony already have almost all the music companies and the movie companies and their names are always in the top sellers or the box office top 5, so I woudn't really care if they clear some people, lol.
Anyway the last time it was 10 000 employees, and their profits went up like a rocket the next years, lol. And the loosing company that clear people, they do it to reduce their cost, but they NEVER make more money after that, because generally you can produce less with less people, but the winning company reduce their numbers because they are useless now.
Someone wants proof? simple: just wait till next march, and we'll see who was right, lol.
Selling twice as many consoles, when they are going at a loss isn't going to improve Sony's numbers any. Are the mainstream media really that damn stupid?
sony is in big trouble. they had the huge exploding battery fiasco , the psp has a low attach rate, and the ps3 isnt selling well at all.
they will have to reduce the cost of the ps3 very soon. im guessing there will a big price cut in autumn .
Next thing you know...
"Sony Computer Entertainment bankrupt due to industry change"
lol