Tag Archives: losses

The party that’s sure to follow EA’s release of The Sims 3 next week is likely to be a little subdued thanks to the news that the game is being pirated at a faster rate than ‘the most pirated game of 2008′ Spore. Bloomberg reports that an illegal version of …

Speculation has surfaced suggesting that widespread redundancies have taken place at Swedish developer Grin. Early reports indicate that between 100 and 160 employees may have been made redundant. Games news site Kotaku, citing anonymous sources, has suggested that the the redundancies come with Grin closing two of its several studios. …

Nokia has announced that a further 490 employees will be joining the 3,500 who have already lost their jobs as the telephony behemoth attempts to head off an anticipated decline in the mobile market. Reuters reports that 170 positions are to be lost in logistics, production management and production support …

Sony’s PS3 has proven its naysayers wrong by increasing its annual sales by 10 per cent for the year ending March 31st, with sales for the year passing 10m units. However, the ever-popular PS2 is seemingly in a sharp state of decline, with sales of the console plummeting by 42 …

PlayStation platform holder Sony has reported losses of $1.04bn for the year ending March 31st – a stark dip compared to the $3.7bn profit seen in the same period in 2008. It is the company’s first annual loss of 14 years, though it’s not as bad as the previously predicted …

Apple has cut around ten per cent of its workforce during the second quarter of 2009, according to documents released to the Securities and Exchange Commission. According to the document, Apple cut its full-time workforce from 15,600 to 14,000 during the second quarter. It is unclear if the retailer made …

Best Buy has reportedly told staff of a slew of job losses and wage-cutting measures in North America as the leading electricals retailer aims to restructure in an effort to cope with the nation’s tightening of economic belts. StarTribune reports that 1,000 assistant store managers are to see their jobs …

Sources have told MCV sister site Develop that a huge amount of layoffs have hit THQ’s Big Huge Games studio. Based in Baltimore, Maryland, Big Huge Games most recently made the Xbox Live Arcade title Catan, and was working with Elder Scrolls creator Ken Rolston on a ‘Big Huge RPG’. …

Global internet giant Google has announced a further 200 job losses, with the cuts to be focused on its sales and marketing operations and half coming from its North American operations. Google has already announced 140 job losses so far this year in addition to the 300 jobs lost a …

Handset giant Nokia is accelerating its efficiency drive in light of current economic conditions with job cuts in its Devices and Markets units, Corporate Development Office and Global Support Division. The plans will affect approximately 1,700 Nokia employees globally. The company says it will start consultations with employee representatives about …