QUICK LINKS: Videos  |  Micromarkets |

Redemption Report

|

Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

Date Book

Search:      

Bookmark this site




Issue Date: Vol. 52, No. 7, July 2012, Posted On: 6/27/2012


Sega Reportedly Begins Layoffs In U.S., France


Marcus Webb
Sega layoffs, Sega Corp., Sega Sammy, Hajime Satomi, Miles Jacobson, Sega loss, Sega video game, amusement business, video game, arcade video game, home video game sales, coin-op video game

TOKYO -- Sega has begun laying off its home videogame staff in the U.S. and France, and layoffs elsewhere are planned, according to various Internet reports.

As previously reported by VT, the personnel cuts were forecast last March when Sega announced an $86.4 million loss for the 2011-2012 financial year, triggered by 20% to 30% declines in home videogame sales.

Soon after that announcement, Sega Sammy chairman and chief executive Hajime Satomi said that Sega Corp.'s consumer game division would be downsized and restructured in the U.S. and Europe, triggering an unknown number of layoffs.

In early June, Sega Interactive head Miles Jacobson strongly denied recent reports by Gamekyo.com, a French website, that Sega Europe would be closed entirely.

Sources said coin-op game sales and arcade operations in Japan might also be subject to cuts, although both amusement divisions performed well last year.


Topic: Music and Games Features

Articles:
  • AMOA-New York Honors B.J. Thomas As Jukebox Artist Of The Year And Betson's Nina Byron As Person Of The Year
  • FICO Study Suggests ATM Fraud Is On Rise And Independent Deployers Are Main Targets
  • TouchTunes Pre-Releases John Mellencamp’s 'Sad Clowns & Hillbillies'
  • National ATM Council Challenges FICO Skimming Survey
  • IAAPA's Asian Attractions Expo 2017 Trade Show Floor Nears 10,000 Net Square Meters

Copyright © 2017 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570