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Sega Sammy to lay off 400 staff

Friday, 8th February 2008 19:19 GMT By Patrick Garratt

Double ow. According to this, Sega’s laying off 400 staff on the back of disastrous financials for the fiscal year so far. The company has revealed losses of 15.77 billion yen for the nine months to December, compared to a profit of 49.38 billion yen the year previous.

“Due to Sega failing to respond to changing business environment, the operating performance of its core businesses, including the amusement facilities business and domestic consumer business, has not been performing well,” said Hajime Satomi, chairman and CEO. “As part of these measures, Sega has determined to solicit voluntary retirement of employees to reduce fixed costs and gain greater cost flexibility through optimum employment.”

Sega also confirmed recently that it was to close 110 unprofitable amusement arcades.

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3 Comments

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  1. AMG

    how can you think you’re going to make a billion, to then realise you’re actually going to lose 26 billion? That’s a bad miss. Satomi-san best get his CV smartened up.

    #1 6 years ago
  2. videogaming247 » Blog Archive » Sega Sammy hurts further, closes Sega Korea

    [...] move is the latest in what’s looking to be a very nasty financial situation for the publisher, which was forced to announce the loss of 400 staff and a reigning in of its arcade business in [...]

    #2 6 years ago
  3. videogaming247 » Blog Archive » Rumour: Sega US lays off 30

    [...] hasn’t been having the easiest time of late, dropping 400 staff last year on the back of heavy [...]

    #3 5 years ago