Sega Sammy Cutting 400 Jobs
Japan’s Sega Sammy, the part SEGA owned holdings company, is looking to cut 400 jobs, citing bad yearly results. The company lost almost $150 million in 2007, after having profits of $460 million in 2006, a huge difference, by any means. As a result, as usual, someone’s losing their job, or some 400 people. Furthermore, they’re looking to close 110 unprofitable arcade halls around Japan. SEGA and Sammy holdings, makers of Arcade games, merged in 2004.