Sony Group Corporation (NYSE:SONY) shares moved higher in Wednesday’s premarket session after a major restructuring update.
The company is reportedly reshaping its entertainment arm while cutting roles across several divisions to support long-term growth priorities.
The layoffs affect Sony Pictures Entertainment, with reductions expected to reach several hundred positions worldwide, Variety reports.
According to the report citing sources familiar with the matter, the changes span film, television and corporate teams.
Sony executives framed the workforce reduction as a targeted move tied to future opportunities. The company aims to reallocate resources toward franchises, anime content and immersive experiences.
Benzinga has reached out to Sony requesting comments.
Management also highlighted growing focus on platform-native content and expanded use of YouTube distribution. Executives see stronger integration across Sony’s broader ecosystem, including video game adaptations.
Organizational Changes Take Shape
As part of the overhaul, Sony will merge its Game Show Group with GSN. Suzanne Prete will lead the combined unit under her current leadership role.
The company also …
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