Sony Online Entertainment Slashes Hundreds of Jobs, Shutters Three Studios

5:57 PM PDT 3/31/2011 by John Gaudiosi

As part of the restructuring, the game publisher cancels the release of the long-in-development action espionage massively multiplayer online game "The Agency."

Sony Online Entertainment has closed three of its game studios and laid off 205 workers as part of a massive restructuring. The game publisher has also canceled the release of the long-in-development action espionage massively multiplayer online game, The Agency.