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Sega laying off 560 staff, closing 110 amusement facilities
Sega laying off 560 staff, closing 110 amusement facilities
Joystiq - February 10, 2009
Submitted by afsplat (130) at 8:01AM PST on February 10, 2009
Sega is set to reduce its workforce by 18%, which represents approximately 560 jobs. Edge reports that if all goes according to plan, Sega may only see a one time loss of ¥4 billion ($43.8M), with an annual savings of ¥5 billion ($54.8M). The company also plans to close 110 amusement facilities, along with reducing research and development by 20%.
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