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Sony released a statement detailing the company’s decision to lay off hundreds of employees in the PlayStation division. Around nine hundred jobs will be cut, and the layoffs will reduce Sony’s workforce by eight percent. The company will provide affected employees with severance pay and benefits. Sony stated that the layoffs will allow the company to restructure and will be better positioned for the future as the technology industry has significantly changed in the past years. The layoffs will impact Sony employees around the world, and workers in Asia, North America, Europe, and Africa will be affected by the company’s decision. In addition, the company’s London office will completely close, and Sony will also significantly reduce the Firesprite studio in Liverpool.