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February 20, 2009

In Japan, the Gaming Industry is hit by the worsening economy

Sega's Japanese main branch Tuesday (February, 10) that it will close 110 arcades, cancel some games in development and seek to lay off 18 percent of its staff. In a series of press releases, the game publisher said that these cost-cutting moves come in anticipation of its recording an annual loss of 25 billion yen (about $238 million) during the fiscal year that will end March 31.For more details check out: http://blog.wired.com/games/2009/02/sega-layoffs.html

Posted by undergrad at February 20, 2009 12:17 AM

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