Sony Interactive Leisure on Tuesday stated it can lay off about 900 workers in its PlayStation unit, or 8% of its international workforce, turning into the most recent expertise firm to announce headcount trims.

“After cautious consideration and lots of management discussions over a number of months, it has turn into clear adjustments must be made to proceed to develop the enterprise and develop the corporate,” the unit’s President and CEO Jim Ryan stated in an e mail to workers, launched publicly by the corporate.

He added that workers throughout the entire firm’s areas shall be affected by the layoffs. PlayStation’s London studio will shut in its entirety, with a number of different studios attributable to be affected.

The Japanese gaming big lower its gross sales forecast for its flagship PlayStation 5 console on Feb. 14 after it warned of decrease demand. Sony on the time stated it expects to promote 21 million models of the PlayStation 5 within the fiscal yr ending in March, trimmed from a earlier forecast of close to 25 million consoles.

The corporate’s shares plunged sharply after the forecast lower announcement.

Analysts had anticipated that Sony may transfer to launch a refreshed model of the PlayStation 5 this yr, in search of to spice up curiosity within the console.

Tuesday’s announcement from Sony is the most recent in a string of layoffs affecting the tech trade. In January, Microsoft laid off about 9% of its gaming unit after its acquisition of Activision Blizzard. Earlier this month, Cisco and DocuSign each introduced plans to chop their workforces as a part of restructuring plans.

Shares of Sony had been buying and selling about flat Tuesday morning.

— CNBC’s Arjun Kharpal contributed to this report.

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