Entries in 'losses' (171)

Manchester studio closed by Eidos

Manchester studio closed by Eidos

Eidos has confirmed to Develop that it has close its Rockpool Games studio in Manchester. Around 14 Rockpool staff have been made redundant as part of the move.

Ben Parfitt
by Ben Parfitt
on Jan 23rd 2009 at 12:10PM in News
Are job cuts on the way at Xbox?

Are job cuts on the way at Xbox?

Following the news that Microsoft is to shed some 5,000 jobs in the next 18 months, with 1,400 of them happening immediately, sources are claiming that its Xbox division could ...
Ben Parfitt
by Ben Parfitt
on Jan 23rd 2009 at 12:05PM in News
Redundancies at EA's Black Box

Redundancies at EA's Black Box

The unfortunate job-cutting spree in the games industry seems to be continuing today with news that EA studio Black Box has, after weeks of speculation, lost 200 members of ...
Ben Parfitt
by Ben Parfitt
on Jan 23rd 2009 at 11:38AM in News
Microsoft to cut 5,000 jobs

Microsoft to cut 5,000 jobs

Leading software developer and Xbox 360 platform holder Microsoft has confirmed the speculation that it is to slash 5,000 members of its global workforce following an 11 per cent year-on-year ...
Ben Parfitt
by Ben Parfitt
on Jan 22nd 2009 at 4:50PM in News

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1,000 jobs to go at Nokia

1,000 jobs to go at Nokia

Finnish mobile phone company Nokia has announced that 1,000 people are to lose their jobs following a drop in net income of 69 per cent to €576m for the quarter ...
Ben Parfitt
by Ben Parfitt
on Jan 22nd 2009 at 4:26PM in News
SCEE has no plans to reduce headcount

SCEE has no plans to reduce headcount

SCE has confirmed to MCV that it has no plans to reduce the headcount of its European operations as part of Sony's worldwide cost-saving restructuring efforts.

Ben Parfitt
by Ben Parfitt
on Jan 22nd 2009 at 12:22PM in News
Sony expects $1.68bn loss

Sony expects $1.68bn loss

Sony has revised its earnings forecast for the fiscal year ending March 31st.

Christopher Dring
by Christopher Dring
on Jan 22nd 2009 at 10:43AM in News
More EA studios to suffer jobs cuts?

More EA studios to suffer jobs cuts?

EA's previously revealed cost-cutting measures continue to take effect, with Canadian studio Black Box and Florida-based team Tiburon apparently the latest to see job cuts.

Click here to visit Developmag.com ...
Ben Parfitt
by Ben Parfitt
on Jan 21st 2009 at 4:31PM in News

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Mythic suffers job losses

Mythic suffers job losses

It seems that the Mythic Entertainment, the developer of successful PC MMO Warhammer: Online, has become the latest EA-owned studio to face losses as a result of the cost-cutting measures ...
Ben Parfitt
by Ben Parfitt
on Jan 20th 2009 at 10:18AM in News
EUK: Deloitte to scale down sale efforts

EUK: Deloitte to scale down sale efforts

Deloitte, the administrator handling the closure of Woolworths and distribution arm EUK, has confirmed that it is to step down its efforts to try and find a buyer for the ...
Ben Parfitt
by Ben Parfitt
on Dec 12th 2008 at 12:35PM in News
EUK: Mass redundancies announced

EUK: Mass redundancies announced

MCV understands that workers at the Woolworths-owned distributor EUK have this morning been told that today is their last day in employment, following administrator Deloitte’s failure to find a buyer ...
Ben Parfitt
by Ben Parfitt
on Dec 12th 2008 at 12:14PM in News
DSGi posts £29.8m loss

DSGi posts £29.8m loss

PC World and Currys parent DSGi has axed its dividend to preserve liquidity, after being hit with a £29.8 million pre-tax loss for the first six months of the year.

Ben Parfitt
by Ben Parfitt
on Nov 27th 2008 at 12:10PM in News

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25 devs laid off at Gearbox

25 devs laid off at Gearbox

Gearbox Software has laid off up to 25 of its staff as part of a strategy shift at the studio, according to reports on the web published over the weekend. ...
Ben Parfitt
by Ben Parfitt
on Nov 24th 2008 at 10:34AM in News
Playlogic’s Q3 revenue drops 70%

Playlogic’s Q3 revenue drops 70%

Dutch publisher Playlogic has reported disappointing figures for its fiscal third quarter which show revenues of £740,000 – a number that’s 70 per cent down on the revenues reported in ...
Ben Parfitt
by Ben Parfitt
on Nov 17th 2008 at 5:26PM in News
Infogrames net revenue up 45%

Infogrames net revenue up 45%

Atari’s parent company Infrogrames has announced an increase of net revenue of 44.5 per cent for its fiscal first half 2009-2009 ending September 30th.

Ben Parfitt
by Ben Parfitt
on Nov 17th 2008 at 2:35PM in News
Garriott quits as NCsoft profits tumble 50%

Garriott quits as NCsoft profits tumble 50%

Leading MMO developer and publisher NCsoft has reported a 50 per cent drop in profits for the financial quarter ending September 30th – and has also been dealt a blow ...
Ben Parfitt
by Ben Parfitt
on Nov 12th 2008 at 10:05AM in News

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THQ losses lead to 250 job cuts

THQ losses lead to 250 job cuts

US publisher THQ has confirmed that it is to cut 250 jobs following losses of $115.3 million for the three months ending September 30th.

Ben Parfitt
by Ben Parfitt
on Nov 6th 2008 at 10:17AM in News
More THQ studio closures on the way?

More THQ studio closures on the way?

It appears as though yesterday's revelation of a downscaling at Juice Games may have just been the start of a massive cull of THQ's internal development resources.

Ben Parfitt
by Ben Parfitt
on Nov 4th 2008 at 11:40AM in News
EA to lay off 6% of work force

EA to lay off 6% of work force

Global publishing powerhouse EA has announced that it is to cut six per cent of its global workforce, equivalent to between 500 and 600 positions, following increased losses in the ...
Ben Parfitt
by Ben Parfitt
on Oct 31st 2008 at 9:48AM in News
DFC: Sony won’t recoup PS3 losses

DFC: Sony won’t recoup PS3 losses

Market analyst DFC Intelligence has delivered a scathing verdict on Sony’s prospects this generation, claiming that the high development and manufacturing costs of PS3 make it unlikely that the machine ...
Ben Parfitt
by Ben Parfitt
on Oct 30th 2008 at 4:16PM in News
Midway posts $33.5 million loss in Q3

Midway posts $33.5 million loss in Q3

Midway has recorded losses of $33.5 million for the three month period ending September 30th, compared to a $22.2 million loss in Q3 2006.

Meanwhile, revenues landed at $36.7 million ...
by Andrew Wooden
on Nov 2nd 2007 at 10:20AM in News