Sony says its PlayStation acquisitions have brought diversity to the studios

Sony said its strength is its diversity of people and businesses through mergers and acquisitions (M&A), highlighting numerous mergers and acquisitions in its entertainment division, including PlayStation Studios. During yesterday’s corporate strategy meeting, Sony said it will continue to “evolve the diversity of its businesses and people to achieve continued growth and create value over the long term.”

The PlayStation acquisition added a wide range of employees from various backgrounds

In a slide accompanying his presentation, Sony Group Chief Financial Officer Hiroki Totoki revealed that 47 companies have joined Sony’s overall entertainment business between fiscal years 2013 and 2023, adding 5,000 employees. The slide specifically highlighted Insomniac Games, Bungie and Crunchyroll, among others.

“At Sony, we bring together employees from various backgrounds, including: nationality, race, gender and values, and we offer development opportunities through the combination of knowledge and experience that we provide by leveraging our diverse business structure,” said Totoki. “We have evolved because of our diversity, which is a combination of these attributes and experiences.”

Totoki added that mergers and acquisitions allow Sony to continue its efforts, which include increasing the number of foreigners in management positions and women in leadership positions.

It’s worth noting that PlayStation recently laid off 900 employees as part of cost-cutting measures.