"Sony's Massive Layoffs and Game Cancellations Rock PlayStation Studios"

Sony Interactive Entertainment is laying off around 900 staff, approximately 8 percent of its PlayStation division, affecting studios like Insomniac, Naughty Dog, and Guerrilla. The company is also shutting down its London Studio and canceling some projects. The layoffs are part of a strategic shift to focus on long-term sustainability and delivering diverse gaming experiences, including live-service games. This adds to the wave of job losses in the gaming industry, with more than 7,000 layoffs so far this year.