Economy Hits SEGA: 560 Jobs Lost


Posted February 10, 2009 - By Stephen Johnson

Venerable gaming giant SEGA is joining tech and entertainment companies being forced to drop employees in response to the craptastic economy. SEGA Sammy Holdings will close 110 amusement facilities and drop 560 staff members. That's 18 percent of the company's employees. Ouch.

That's not all: SEGA also promises to slash research and development costs: “In the amusement machine business and consumer business, Sega will reduce research and development cost by approximately 20 percent [compared with fiscal year 2008] for the next fiscal year by consolidating titles to be developed and otherwise,” reads the company's investor report.

Which titles will be "consolidated" and what exactly that means was not announced. SEGA has some highly anticipated titles in the hopper including Madworld, Yakuza 3 and Conduit

As always, there's a silver lining to all terrible economic news on TheFeed. That's right, company layoffs mean the return of the cutest of all economic despair harbingers -- our Great Depression mascot, Ginger, The Layoff Kitty!

Look at that cute little num-num! Surely, everything will be fine:


Economy Hits SEGA: 560 Jobs Lost


Blog Tags

  • International Sexy Ladies Show: Messy Cat Fight

    Posted: January 27, 2010

    644,696 Views | 00:49

  • Sara Underwood's Naked Bike Ride

    Posted: June 22, 2011

    1,316,284 Views | 05:20

  • Laser Snake Robots, More Mars Rovers and BigDog Is Back

    Posted: September 25, 2012

    1,290 Views | 03:00

  • NBA 2K13 Launch Trailer

    Posted: October 4, 2012

    5,601 Views | 01:53

  • Casual Vomiting - Web Soup Investigates

    Posted: March 30, 2011

    7,570 Views | 02:52