Thuway explains that Sony isn't just laying off people randomly, but there is a larger plan to restructure for efficiency.
Bette now than never.
Here we go, endless barrages of the the famous "insiders" all making educated guesses hoping their info sticks .....
well, its no difference to assuming this is all doom and gloom either.
while what you stated is correct its not a fact, but on the same token think about this, Its not the big chunk of the loss, as a matter of fact the Playstation section is a LLC, its not for Public IPO, so its runs really outside the rest of Sony. Its already by default "spun off" you just cannot buy Stock because Sony owns all of its playstation stock So no Public IPO offering. example: just recently Sony expects to loose 1.1 billion for the year's results but look at this Expects $1.1 bln net loss this year, core operations weak * Plans separate unit for TV business, sells PCs division * 5,000 job cuts to help lower costs by nearly $1 bln/year TOKYO, Feb 6 (Reuters) - Sony Corp Chief Executive Offer Kazuo Hirai is seeking to cure a TV business that has lost $7.8 billion over a decade by isolating it to speed up decisions on future strategy. http://www.reuters.com/arti... By doing this Sony is saving about 1 billion a year! But also, they are cutting off those parts that are netting such huge Loss for them, So taking the Hit now, but Offset those Loss reductions to Later for Good, I think Kaz and the Board will take that, to stop such huge Loss. I mean in 10 years accumulated time Sony's TV section lost over 8 Billion! But yet, that also shows How Japan differ's than the west in How the Exchange of Stock market differ's than the west,many such billionaires from the west get or have been frustrated in the fact they cannot get anywhere in changing japans culture against Hostile Take over's. Its the Bitter Pill vs the Perception of West Hedge fund's as "Vultures" and corporate raiding that the west does vs in Japan its viewed with Disdain. Thats why Sony's board and Kaz voted "Sony's board of directors has unanimously concluded that continuing to own 100 percent of our entertainment business is the best path forward and is integral to Sony's strategy," Sony CEO Kazuo Hirai said in a letter to Loeb, which was released by the company. http://us.mobile.reuters.co... Think about that Sony in about 10 years time and they lost over 8 billion from the TV section and then the near 3 billion Loss from the PS3's 5 years on the marke Loss from the Playstation 3 and than PC, and yet they still Told Loeb who owns 7% of Sony itself NO! I think many just does not seem to get that between how the market is in Japan and how the markets perform in the west. for one would you see a US company loose 8 billion in 10 years in the US not get swallowed up if they have such massive debt? even with this debt, Sony's Trim of Fat but yet turns right around and re-invest shows despite many that think they know whats going on really fail to grasp that japan's market is not like the west!
Yeah, those doom and gloom articles and comments hold almost as much weight as these insider articles right?
@above Who said anything about doom and gloom? I am simply saying these guys have no clue what they are talking about and are just saying what seems to fit. Who knows why or what happened. All we know for sure is, it sucks.
Nicksetzer1 Is one of the biggest Xbone fanBoys on this website and is a stealth pro troll. That God Sony is restructuring and quality controlling. Santa Monica studio Wasted 100 million . That is unexcusable many people need to be fired . Management is the issue . Management people should be fired for letting the project that was not progressing Go on so long. Every one involved with the Santa Monica project in management should be fired. Sony is cutting the fat at it game studios. The Lost of 100 million has open Sony Eyes. Now Sony are investigating All there First party studios . I hope Sony Is holding their studios to high standards it better for us gamers. Sony should fire all Developers who can't do the job. Some people are praying for Sony down fall. The PS4 is one of best preforming products For Sony. Sony has been in business for 70 years. Sony knows it takes investment to make profits.
Only thing certain is this. Sony is hiring game devs as shown on their website. They just added position to hire devs. So they are hiring some to hire game devs. Does not seem like downsizing.
If they were doing it for efficiency then why haven't they sacked thuway or famousmortimor yet considering they clearly spend most of their days posting crap on neogaf rather than doing whatever work they're supposed to be doing.
This isn't an educated guess, this is stating the incredibly obvious. I am not sure I have ever seen a company restructuring with layoffs that wasn't done in the name of efficiency.
Im not sure why people feel that this isnt the case... Every Year Every major industry go through reordering of their structure, Its not just Sony, But Apple, MS, Google, HTC and Many big companys go through this... You dont trim fat to run more poorly! They'll hire again and spread and they'll trim as needed to make sure they arent bleeding money! Doesnt take an Insider to tell the obvious! In other news, the grass is green, the sky is blue, and winter in New York is cold. Fanboys are mean, and facts are true and another Iphone from the apple store was just sold. -_-
It had to be done, this is for sure. For now, I trust their judgment...Though I expect many announcements between E3 and Gamescom.
I understand if this happened during the ps3 era but now especially with how the ps4 is performing. E3 this year is going to be very interesting ;)
can't wait for e3. :0
* I mean ;)
Thuway, LMAO, will you stfu with your biased @ss!
Uggghhhh. Thuway.....he will never STFU as long as websites keep giving him the publicity he so craves. Isn't this the same guy that NeoGaf and others booted for multiple inconsistencies? I don't trust any insiders. I believe it when i see the company confirming it. TitanFall to PS4?....probably. Just don't believe it until Sony, Respawn, or EA confirm it. The same can be said about Gears of War. "Insiders" said this was coming to the PS4 all the way up to the week that Microsoft bought the whole freakin' IP (and that deal most certainly took more than a week to pull off). I don't trust any insiders. They have nothing to lose when they are wrong or get bad info. Thye like to flaunt their connections. Leeches. I believe the news when i see the company confirming it.
in sony i trust
Seems like current teams couldn't live up to Sony's standards..so they were let go.
lol @ Sony's standards. You do realize you are talking about individuals livelihoods right? Anyways its a business. Its a new generation so expect some parts of their divisions to expand and other parts to contract.
Every company has a standard to keep and individuals who do not live up to that standard will be let go. Yes it is people's livelihoods but at the end of the day when you accept a job, when you decide to work for a company, you do so with the knowledge that you need to produce for that company. You need to live up to the expectations of which you were hired. If you do not, do not think you can under perform or cost the company money and there to be no repercussions. With that being said, I do hope that every one who left or who was let go does find work elsewhere and they continue to contribute to the gaming community.
Yes I grasp the fact that you need to perform at your job to see well. Those who lost their jobs will hopefully find more success in new roles. David Jaffe left after god of war 1 and i was worried but Cory Barlog did an even better job with god of war 2. When he left stig still did a fantastic job with god of war 3. All 3 have now left sony at some point and 2/3 have returned to Sony in some capacity. I have full confidence sony studios is still in good hands. However fuck you if you think it's ok to praise a company for severing jobs due to fanboy delusions.
@Above I totally agree with your view on the subject, bubble up man. Restructuring, job performance, call it what you want the fact remains when you fire someone your messing with their livelihood. Lets not start cheering for Corporate decisions just yet!
"lol @ Sony's standards. You do realize you are talking about individuals livelihoods right? " I don't get where ethics comes into this. Yes livelihoods are affected but this kind of stuff happens all the time. I'm not saying its ideal but it happens and if a company feels a division or people responsible for that division aren't delivering, they do and will and get rid of them. Its just business.
You said it yourself, it's a business. In a business, it's perfectly normal to do such things.
never like to see people lose their jobs but.... Don't you think you're taking it a bit to far with trying to tie in their livelihood? I can't tell if your intent is o make people feel bad. Just to add again i hate people losing their jobs but Their specific livelihood to me is irrelevant.
Interesting. Hopefully their plan works out. Sucks to be amongst those laid off. They probably thought they had a bit of security with the success of their system launch not 5 months ago...
I think they'll be fine. I'd assume having Sony as a previous employer on your resume would do wonders at interviews.
You make a fine point.
Unless your name is Stig Asmussen. Cannot believe the numbers been thrown around about his wasted budget. Absolutely insane.
this happens every year to every company i was layed off at gamestation and got in game even tho they are the same company and my best friends work in game. also was layed off a blockbuster one point in my life. it happens and something we have to deal with am afraid, sony are doing it for the better and looks like they have very good reasons. the games that was getting made are not what they want so they shut them down before money is wasted. its not sony fault people walk out too. People forget sony are doing amazing in the gaming world also phones and tablets the xperia z1/2 are brilliant phones and like its waterproof and u can drop it same with tablet it can take a beating i wish the vita was the same as i would love it to be like xperia z. movies like this is the end and 22 jump street , spiderman are doing well also the music and other product apart from tv range are doing really good,sony has also bought that new building so why do they need other buildings, sorry people get laid off my point been is it happens every year if not day.
Kinda obvious. A lot of people are being let go as of late :P
He may be right here, but in general thuway and all of these insiders are a joke. They typically throw a whole bunch of crap on the wall and see what sticks. I could do the same thing. My insider source says a new God of War game is coming. There you have it, I have become an insider, now let's wait and see if I'm right.
Good news and hopefully anyone who lost his job will find a new one.