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layStation maker Sony Interactive Entertainment will lay off 900 people from its workforce, according to a news release from the company's president and CEO, Jim Ryan. The layoffs reduce Sony Interactive Entertainment’s workforce by about 8 percent, according to the release. "The leadership team and I made the incredibly difficult decision to restructure operations, which regrettably includes a reduction in our workforce impacting very talented individuals who have contributed to our success," Ryan wrote in an email to staff on Tuesday. Ryan wrote that the decision to cut the number of employees was made as the company restructures operations due to the “evolving economic landscape, changes in the way we develop, distribute, and launch products, and ensuring our organization is future ready in this rapidly changing industry.” The timeline of the layoffs with vary by location, according to the email. In addition to the layoffs, PlayStation’s London Studio with shutter entirely. Ryan called the members of staff who are being let go "incredibly talented people who have been part of our success," adding that the company is "very grateful for their contributions." "However, the industry has changed immensely, and we need to future ready ourselves to set the business up for what lies ahead," he wrote. PlayStation is just the latest company in the video game sector to announce layoffs.