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Sega Sammy to lay-off 400 as company sinks into red

Matt Martin of GamesIndustry.biz writes:

"Sega Sammy is laying off 400 employees as part of cost cutting measures following further company losses.

The company has already axed 110 unprofitable amusement arcades and reduced pay and bonuses for managerial staff. The latest move, says the company, is to offer voluntary redundancy to approximately 400, bringing staff levels to just above 3,000 employees."

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gamesindustry.biz
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BloodySinner3368d ago

Those poor ex-employees...

beoulve3368d ago

they just couldnt cut a break. Sega lacks blockbuster title.