Sony job cuts

Did you hear about this?
Apparently there are job cuts going down at Sony Computer. According to gamesindustry.biz there has been some news about possible layoffs at Sony Computer Entertainment Europe.
There were definitely some job cuts at SCEA last week, a bunch of the folks in marketing who have been involved in E3 prep in previous years were let go. It’s sad to see… when I worked at both Nintendo and Sony they felt like big families, and people getting layed off certainly would send a shock through the organization.
Some really great people were let go from SCEA, and I’m sure they’ll land on their feet and find good positions elsewhere. But one has to wonder whether this is the beginning of the layoffs, or the end?