Layoffs hit Sega Euro ...

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Layoffs hit Sega Europe following restructure in US

April 9th, 2014, 22:56 Posted By: wraggster

Sega Europe suffered "a limited number of redundancies" due to a restructuring in Sega of America's Sonic and mobile divisions. The layoffs follow those that hit Sega of America in October 2013 due to another restructure.

"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," Sega told Joystiq via email. "As part of that strategy a limited number of redundancies have taken effect in our European office, based in London."

Sega slashed its profit forecasts in February for the fiscal year ending March 31, cutting its expected net income by 36.2 percent to 30 billion yen ($293.5 million).

http://www.joystiq.com/2014/04/09/la...ructure-in-us/

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