Sony plans to cut 900 jobs, including shutting down PlayStation’s London Studio.

This decision follows a tough period for the gaming giant.

The head of PlayStation, Jim Ryan, called it a sad day for the company. The layoffs come after Microsoft announced similar cuts in its gaming division.

The closure of Sony’s London Studio is significant for UK game development. Despite challenges, UK game talent remains strong.

The studio, known for games like SingStar and VR Worlds, has been a part of PlayStation since 2002. Sony’s PlayStation 5 has sold well, but it faces competition from Nintendo.

Sony’s recent earnings report showed lower-than-expected console sales. This reflects challenges in the gaming industry, with rising development costs and market adjustments after the pandemic.

Many gaming companies have faced layoffs recently due to these factors.

This summary is based on information from BBC News.

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