Probably not the best of phrasing. They probably didn't have to (they can definitely keep people employed for years to come if push came to shove), but to give some official details:
- Sony lost some valuations due to needing to lower their PS5 hardware sales projection from 25m to 21m for 2023
- Sony's YoY operating margin fell from 9% to 6%
The reasons for these are a topic of its own (and I'm sure I can dig up a HN post on that very subject), but in a nutshell: the number did not go up, and as usual these "low" numbers are made up for by letting go of labor, the highest expense in any given company.
- Sony lost some valuations due to needing to lower their PS5 hardware sales projection from 25m to 21m for 2023
- Sony's YoY operating margin fell from 9% to 6%
The reasons for these are a topic of its own (and I'm sure I can dig up a HN post on that very subject), but in a nutshell: the number did not go up, and as usual these "low" numbers are made up for by letting go of labor, the highest expense in any given company.