Xbox |OT|

[G2ThaUNiT]

Dulfite said:

aTokenYeti said:

SIE announced 900 people are being laid off. I get these companies overhired during the pandemic, and a lot of this was self inflicted, but it’s getting really tiresome seeing record levels of sales and revenue being followed by layoffs.

Record revenue or profit?

Revenue doesn't mean anything if you have profit margins like Disney or Sony have had lately. It's all about profits. If they aren't there, it's natural to see cuts in expenses which means layoffs.

The new CEO Totoki, the one who doesn't like PS's profit margins, doesn't even take over as CEO for another month. 

If he still doesn't like the profit margins when he takes over, then further layoffs will be on the horizon. I'm surprised Media Molecule has survived so far.