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Tag Archives: losses

Three staff cut as Polygon moves away from features and video

US games journalism powerhouse Polygon has dropped three staff members as part of a tweak to its editorial direction. Features editor Russ Pitts, video director Tom Connors and video editor and motion graphics designer Adam Barenblat left the website this month in a move that editor-in-chief Chris Grant links to …

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130 jobs lost at Nintendo Europe

Nintendo has announced 130 redundancies at its Groostheim office in Germany. "Nintendo of Europe has entered into a consultation process on a number of changes it is intending to make to its European business which, in the long term, will better enable the European business to adapt to the rapidly …

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Iwata: A fourth year of losses would be ‘unacceptable’

Nintendo boss Satoru Iwata has vowed to prevent Nintendo suffering another year of losses. Having reported its first ever loss in 2010, the company yesterday reported its third successive annual loss on the back of weak Wii U sales and lower than expected 3DS sales. Two and three fiscal years …

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Layoffs at Sega Europe hit Sonic and mobile teams

An unspecified number of job losses have hit Sega’s London-based European office. "Sega is in the process of consolidating certain functions of the Sonic and Mobile departments within Sega of America, where the management and production for those areas of the business reside," a spokesperson told Polygon. "As part of …

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Sony cuts jobs at Evolution, Guerrilla and London studios

Layoffs have this morning affected staff across a number of SCE’s European studios. Videogamer reports that Evolution Studios, Guerrilla Cambridge and SCE London Studio have all bit hit, although exact numbers remain unknown. "Regular reviews take place throughout SCE Worldwide Studios, ensuring that the resources that we have in such …

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PS3 sales up but Sony reports quarterly losses

Sony’s PlayStation division has reported an 800m operating loss (5m) for the quarter ending September. In the same period last year it saw operating income of 2.3bn (14.6m), a disparity Sony blamed on hardware price reductions and exchange rate fluctuations. PlayStation revenues for the period grew five per cent year-on-year …

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Gree offers redundancy to 11% of workforce

Social gaming powerhouse Gree has revealed plans to offload 11 per cent of its 1,762-person strong global workforce. A translation from social games consultant Serkan Toto revealed that the company is to offer 200 voluntary redundancies, with applications being accepted between October 9th-28th. These losses will be in addition to …

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Blackberry axing 4,500 jobs

A catastrophic loss of nearly $1bn has forced Blackberry – formerly RIM – to announce the axing of 4,500 jobs. The poor performance of its Z10 smartphone is one of the biggest factors in the numbers, which have seen it predict quarterly losses of $995m. Around 40 per cent of …

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PS4 will not repeat PS3 losses, Sony vows

Sony will not suffer financially in an effort to get PS4 out of the door, it has vowed. Bloomberg reports that Sony lost over $3.5bn in 2007 and 2008 as it attempted to launch the PS3 into global markets. The console itself did not become profitable until late 2011. That …

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