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Japan based electronics maker Sony is cutting about 900 jobs at its PlayStation unit.
The company also announced it will be shutting a studio in London, as the videogame industry struggles to recover from a post-pandemic slump.
The cuts will affect bout 8 per cent of the division's staff in around the world, days after Sony slashed the annual sales expectation for its PlayStation 5 console.
The move puts Sony among tech giants including Microsoft, which have also laid off thousands of employees in recent months due to slow recovery in the gaming market.
According to industry tracker Newzoo, the global videogame market grew just 0.6 per cent last year, reaching US$184 billion.
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