Sega America Lays Off Staff

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segaUpdated with info from the company: Sega has laid off an undisclosed number of about 30 employees from its North American division, the video game software developer has just confirmed (while we’re waiting to hear back on exactly how many in the San Francisco office were let go, IGN puts the number at 30). It said in a written statement:

SEGA of America has grown at pace with the booming video game industry, but at this time of economic recession, harsh retail landscape, and the reality of business challenges to profitability, we must take steps to reduce our cost structure and ensure long-term success.

The layoffs follow deep job cuts at Electronic Arts (s erts) last month, with more likely on the way from elsewhere in the sector. Sadly, on a day of great socio-political changes, the truism that the video game industry is recession-proof also seems to be on its way out.

7 Comments

Ryan

Its a “Depression”. Even ‘The Economist’ magazine has came out and stated so.

idrys

Here, in my country, Indonesia, since the recent economic recession, there have been much of employee that have been layed off by company.

Screen Sleuth

Does this shock anyone? It doesn’t shock me at all. The retail and business sector is getting hit hard, and I have several friends telling me lately they feel blessed just to have a job, even if they don’t like it at all. That’s how bad it is right now.

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