Home / Tag Archives: losses (page 4)

Tag Archives: losses

Tough console market sees Square Enix report loss

Square Enix has reported a net loss for the nine months ending December 31st. It blamed the result on what it described as the increasingly difficult condition of the world-wide console game market, under which the Group is struggling to achieve a fair expected return on its investment”. Net loss …

Read More »

200 jobs lost as Gameloft closes Indian studio

In a surprise move, Gameloft has shut down its Hyderabad studio, resulting in a loss of around 200 jobs. An inside source has told MCV that employees were informed of the closure on Tuesday. They were then asked to pack up and vacate the office and not report to work …

Read More »

Major redundancies at Majesco UK – report

Zumba Fitness publisher Majesco has reportedly laid off a significant number of staff at its European HQ in Brompton. Games Industry claims to have first hand reports that the job losses could be fairly wide ranging”. It is also understood that Majesco’s Boston studio has also been closed, although the …

Read More »

$8bn – the total losses made by Xbox 360 and PS3

The console sector is at a crossroads, and a look at the numbers behind Xbox 360 and PS3 make for uncomfortable reading. According to numbers presented by former EA and Sony man Ben Cousins on Kotaku, between them Xbox 360 and PS3 have left an $8bn black hole in the …

Read More »

Redundancies hit Frontier Developments

14 staff have lost their jobs at David Braben’s Frontier Developments. Eurogamer reports that the studio, which until the cuts employed 233 people, told those affected of the losses at 6pm on Friday December 14th, just 11 days before Christmas. "Frontier regretfully has given a total of 14 people (from …

Read More »

Job losses at Rift dev Trion Worlds

Around 40 jobs have been lost at Trion Worlds. Gamasutra reports that the Rift developer has chopped around a third of its workforce, including artists and designers. It is not known whether the losses affected just the Rift team specifically. The studio has said that the move was "in response …

Read More »

UPDATED: Eurocom confirms job losses, blames steep console decline

UK developer Eurocom is to announce wide-ranging redundancies” today, a report has claimed. Games Industry believes that the studio is not set to close, though hasn’t got a figure on the exact number of losses. An announcement is expected shortly. Derby-based Eurocom is due to celebrate its 25th birthday next …

Read More »

735 fresh job losses confirmed at Comet

In the latest chapter of the on-going Comet administration process, the firm has confirmed that 735 additional employees have been made redundant. Administrator for Comet, Deloitte, broke the news this afternoon, announcing the job losses, which were based in the firm’s head office, central functions and home delivery network. There …

Read More »

Zynga posts third quarter of losses

A loss of nearly $53m for the last quarter means that Zynga has now posted total losses of nearly $161m over the last nine months. But it wasn’t all bad news, and with numbers coming in ahead of expectations investors may this morning be feeling that there’s some reason for …

Read More »