Job losses will affect PlayStation division

Following on from news that Sony will be axing 8,000 jobs across the company between now and March 2010 in a bid to reduce costs and improve its balance sheet, it has now been confirmed that, contrary to what was assumed, the PlayStation division will be affected.

Speaking to trade paper, MCV, a spokesperson for Sony Computer Entertainment Europe (SCEE) confirmed the news stating that: "In order to stay competitive in the accelerating global network environment, we will always carefully review and make structural changes, if necessary, in order to further expand and strengthen the PlayStation business around the world."

In terms of figures we don’t yet know what this will mean to the gaming division, or how many people will lose their jobs, or indeed whether any of its studios or subsidiary divisions will face closure.

Analysts believe that the 8,000 job losses may not be the end of it either as Sony’s electronics and gaming divisions struggle to make enough profits.

"Going forward, Sony intends to adjust product pricing to mitigate the impact of the appreciation of the yen, curtail or delay part of its investment plans, and downsize or withdraw from unprofitable or non-core businesses," reads the Sony statement.

It’s widely expected that the majority of job losses with be from Sony’s electronics division. Let’s hope so, eh? We’ll keep you up to date with all the latest developments as we get them.