Sega Sammy in the red: lays off 400 employees |
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With the next-gen consoles slowly cornering the video game market over the past few years, arcade amusement centers in Japan have been going through some rough times keeping everything in the green. The Sega Sammy Holdings merger was just one of the companies that were forced to cut their losses by laying off 400 employees as a response to their cost cutting initiative. The company has already closed 110 unprofitable arcade establishments, as well as reduced pay and bonuses for its managerial staff.
This leaves the company with staff levels of just 3,000 employees after the solicited voluntary retirement incentive pushed by Sega Sammy.
Here's the official statement released by Sega Sammy chairman and CEO Hajime Satomi:
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.
The company has revealed that it has lost around ¥15.77 billion (US$ 210 million) over the last 9 months of last year, compared to its profit of ¥49.38 billion in 2006. Forecasts predict Sega Sammy will have a full year's net loss of around ¥26 billion (US$ 242.1 million).
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Comments [refresh]
[sarcasm]Sega failing to adapt?? Noooooooo! [/sarcasm]
Sega drove it's company into the ground, Sammy drove it's company into the ground now the two are together... doing what they do best. Making mediocre games and driving their companies into the ground.
It's the Wii fault lol kids are 2 busy playing games at home instead of wasting money at an arcade ....................waiting 4 ur comment Mr.Common sense lol
Yeah, companies are releasing their age old arcade shooters on the Wii, PS3 and 360 get stuff like Tekken and Virtua Fighter too
Poor arcade machines are dieing :(
Yeah really im surprised Mister common sense hasnt said anything no doubt stupid.....but anyways this sucks for sega and namco....sega does need to step things up....alot...but what if when the games that are released on arcades and systems the arcade ones could go online also??? And u could play online arcade games with people who have them one theyre systems (they dont already do that do they?) and they could even put exclusive stuff an the arcade versions........but just an idea