Comment on Sega to Axe 300 Jobs as Focus Turns to PC and Mobile

Sega to Axe 300 Jobs as Focus Turns to PC and Mobile

A drastic and sweeping restructure is underway at Sega as the publisher attempts to "drastically improve profitability," with more than 300 jobs at risk, a headquarter relocation underway, and a new focus away from games consoles.Sega issued a notice to investors on Friday explaining that it expects to make just $34 million in net profit by the end of the financial year; a nosedive in performance compared to the $260 million it made the year prior.Around 300 staff are scheduled to be made redundant, while Sega's San Francisco headquarters will be relocated--likely by summer--to southern California.[Update: Sega Europe has issued a statement to GameSpot suggesting that its development teams, such as Sports Interactive and The Creative Assembly, might not be affected by the consultation process.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Entertainment News