News On Japan

Sony Group to Cut 900 Jobs in Gaming Division, Including Japan

TOKYO, Feb 28 (News On Japan) - Sony Group's gaming subsidiary, Sony Interactive Entertainment, has announced that it will be reducing its workforce by approximately 900 employees, which constitutes about 8% of its total staff.

This reduction will affect employees worldwide, including those in Japan. In Japan, affected employees will be offered a career support program. The company has stated that this reduction is due to the significant changes in the gaming industry and the need to strengthen its business. The company aims to achieve sustainable growth by implementing structural reforms and streamlining management resources. Sony Group's gaming business is known for its PlayStation home gaming console. However, in its recent earnings report for the fiscal year, the company revised its sales forecast for the gaming division and other sectors, reducing it by 210 billion yen to 4.15 trillion yen.

Source: NHK

POPULAR NEWS

Professor Kenjiro Kimura of Kobe University, who also serves as the CEO of Integral Geometry Science, has made a groundbreaking discovery in applied mathematics by solving an unsolved problem and inventing the world's first 'through-object visualization technology.'

The 'Myakumyaku' statue, the official character of Expo 2025, placed in front of Osaka City Hall, has been vandalized with English text saying 'Free Palestine', prompting the city to file a damage report.

Efforts to retrieve the body of a man found in a forest in Akita Prefecture, where two male police officers were attacked by a bear on Saturday, were abandoned Sunday with the possibility the bear is still lurking in the area.

Temperatures soared above 30C in northern Japan and northern Kyushu on Sunday, marking a true summer day, while weather conditions in western and eastern Japan worsened. In Tokyo, the early summer spectacle, the Asakusa Sanja Festival, reached its climax.

or as long as Shohei Ohtani plays for the Dodgers -- which will be at least for the next decade -- May 17 will be known as “Shohei Ohtani Day” in Los Angeles County. (MLB)

FOLLOW US
         

MORE Business NEWS

Japan's Economic Minister Yasutoshi Saito visited Hokkaido on Sunday to inspect the construction site of Rapidus's factory, which aims to mass-produce next-generation semiconductors.

The Umeda area in Osaka is seeing a surge in high-rise apartment construction, including a 49-story residential skyscraper south of JR Osaka Station.

Japan's National Police Agency revealed on May 16 that the amount of money lost to impersonation investment scams on social media totaled 21.9 billion yen in just three months from January to March this year.

The president and seven employees of The Grand Shield, previously featured in Japanese media due to financial troubles with dental braces, have been arrested for selling high-yield bonds without registration, promising annual returns of 20%. It is believed that two women among the suspects collected 4.6 billion yen alone.

Japan's real GDP growth rate for the first quarter of this year, from January to March, was announced by the Cabinet Office to be an annualized minus 2.0%.

Businessman Yusaku Maezawa has filed a lawsuit against Meta, the company operating Facebook, seeking 1 yen in damages in response to a series of investment scams involving impersonation of famous personalities on social media.

As the Japanese government begins discussions on the basic policies for its energy strategy, Tokyo Electric Power Company (TEPCO) has constructed a new substation and other infrastructure in Inzai City, Chiba Prefecture, to address the increasing power consumption of data centers.

Honda Motor says it will invest 10 trillion yen or roughly 65 billion dollars in electric vehicles and software for self-driving technology through fiscal 2030. (NHK)