Jim Ryan to retire next spring and Hiroki Totoki to assume Interim CEO role while keeping his current role at Sony Group.
Sony has launched a new PlayStation Store sale this week titled "Big Games, Big Deals" and this discounts over 1,700 items on the storefront.
"The sudden closure of several video-game studios at Microsoft Corp.’s Xbox division was the result of a widespread cost-cutting initiative that still isn’t finished.
This week, Xbox began offering voluntary severance agreements to producers, quality assurance testers and other staff at ZeniMax, which it purchased in 2020 for $7.5 billion, according to people familiar with the company’s plans. Others across the Xbox organization have been told that more cuts are on the way.
Speaking about the closures more broadly, Booty said that the company’s studios had been spread too thin — like “peanut butter on bread” — and that leaders across the division had felt understaffed. They decided to close these studios to free up resources elsewhere, he said.
Game Pass has not seen the massive growth that Xbox boss Phil Spencer may have been hoping for."
"Speaking about the closures more broadly, Booty said that the company’s studios had been spread too thin — like “peanut butter on bread” — and that leaders across the division had felt understaffed. They decided to close these studios to free up resources elsewhere, he said"
So what you're saying is...you bought all these studios and you guys can't run them.
Jesus.
Spread thin after firing over 2000 employees a few months prior. So basically they created the problem and their solution was to just fire more people. Absolute geniuses over at Xbox, of course can we even believe this to be the reason for the closures?
Reports are suggesting that Game Pass will be getting a price hike soon and that Call of Duty may not be added to the day one offering. I honestly have a hard time believing this but it does beg the question why exactly did GP fail? I think the answer is that it just didn't get the growth that it anticipated. Jim was right but I wish he wasn't because at the end of the day, its gamers, devs and other front-line workers who have to absorb the blow for Spencer and team's miscalculations.
For all the armchair executives who were calling for Sony to release its big-budget AAA games on PS+, the same exact thing would have happened at PlayStation. Game Pass has killed Xbox. Congrats.
There's not many of of us clamoring for Sony to do this because most of us understand it would kill Playstation. I'm sure there's a few but I've not seen alot of it myself.
Phil Spencer and Microsoft have come under fire following the closure of multiple Bethesda-owned studios including Tango Gameworks.
wow haha.
i dont think he will resign. or will be kicked off.
if hes still here after everything in the past, this wont affect him unfortunately.
He and his cronies have a sweet deal. Even if they are fired, stock options and parachutes will mean they never need to work again. Cronyism at its worst.
I think his days are numbered TBH. Spending 80 million of all acquisitions yet can’t even compete with others it’s insane
This also proves gamepass isn’t as profitable as Xbox fanboys make it out to be
Where are the Xbots that cheer for MS to buy everything? They destroy everything they touch... MS only cares about AI now, the MS CEO could care less if all the studios get closed.
Replies(1)Nothing Micro about this Chut. Russel Crowe is so gonna play him in his stream flick.
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Y'all got what y'all wanted lets see if anything change hopefully for the better. A Japanese head would be better then Jim I bet.
Not surprising getting out while the stocks are high he knows the future isn't bright for Playstation.
There is a god. Hopefully the final replacement is better.
That was fast.
I don´t think he´ll be missed by many, anyway.
Hopefully we can now have Playstation back at E3 and a more focused on single player games.