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re: Are we going to talk about Sony laying off people?
Posted on 2/27/24 at 4:56 pm to Carson123987
Posted on 2/27/24 at 4:56 pm to Carson123987
quote:
So they’re cutting back workforce just Iike literally every other tech company that overhired when money was free?
It is more about missing sales targets and having nothing to drive sales before April 2025.
Would they have made the cuts if they did? We will never know, because the missed sales targets.
Inflation is a thing, and the number of people wanting to drop $400+ on a console and/or $70 games has been reduced globally.
Sony needs to evolve the way they look at gaming.
2
Posted on 2/28/24 at 6:05 am to DarthRebel
quote:
It is more about missing sales targets and having nothing to drive sales before April 2025.
No, it’s more about current monetary policy and economic conditions. Look at every other tech company lol. Cisco just cut 4000, eBay cut 1000, Microsoft cut 2000, PayPal cut 2500, Amazon cut 20,000 last year. The market is correcting itself from the free money environment we just left to the inflationary, high-rate environment we’re in now. It’s a tale as old as time. When rates go up, you cut.
Posted on 2/28/24 at 11:30 am to DarthRebel
quote:
and the number of people wanting to drop $400+ on a console
This is fine, in my opinion.
quote:
$70 games
frick that. I'll happily wait months for a sale
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