More Layoffs! Sony Lays off 8% of Workforce #artificialintelligence #ai #airevolution #recession

IS THIS REALLY ABOUT A DOWNTURN IN THE ECONOMY?
Sony announced layoffs affecting about 8% of its gaming division workforce, attributing the cuts to a post-pandemic spending slowdown. The layoffs, approximately 900 employees, are part of broader tech industry challenges, especially in gaming. Sony's venture into blockchain and online "games as a service" faces tough competition, impacting its strategy. This move reflects wider trends of job reductions in the gaming sector, raising concerns about the industry's direction amidst technological shifts
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