Sony job cuts unlikely to affect games division
From gamesindustry.biz:
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Sony Computer Entertainment has told GamesIndustry.biz that the cost cutting measures announced by Sony Corporation today are least likely to affect the games departments.
As detailed this morning, the electronics division is the worst hit of all Sony divisions, with the closure of the manufacturing plant in Ichinomiya in Japan, and a 30 per cent reduction in headcount planned for TV design operations.
Sony Computer Entertainment Europe president David Reeves has informed staff internally that the JPY 250 billion (USD 2.8 billion / EUR 2.1 billion) cost-cutting measures will not include a reduction in games staff, as previously stated last month.
As part of a revised earnings forecast, where Sony now expects a loss of JPY 150 billion (USD 1.68 billion / EUR 1.29 billion) for the financial year ending March 2009, the company’s games division is expected to increase losses by approximately JPY 30 billion (USD 337 million / EUR 258 million). Half of that loss is due to adverse currency fluctuations, the other half lower than expected sales, said Sony.
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Full Story: gamesindustry.biz
