Tag Archives: losses

Strauss Zelnick, the chairman of US publisher Take 2, has stated that whilst pleased that the publisher’s latest financial results were better than expected , he was not pleased to see losses on the up in Q1. Take 2’s first quarter results were somewhat better than the initial guidance we …

Microsoft has confirmed to Develop that its UK studio Rare is currently undergoing a ‘review’ that could lead to job losses at the world renowned studio. Coming as part of the organisational refocus already announced by Microsoft Game Studios in January, the move will see Rare focus on three new …

Graphics chips vendor Nvidia’s results for fiscal Q4 revealed a $147.7 million net loss, while for the year as a whole the firm made a loss of 30 million. Q4 revenue was $481.1 million, compared to $1.2 billion for the same period the previous year. The firm blamed a ‘difficult …

Sega Sammy Holdings has revealed a net loss of YEN 10.8bn, around $119m, for the nine months ending December 31st 2008 – an improvement of around 33 per cent compared the YEN 15.7bn loss seen in the same period in the year before. Sales for the period were down 15.4 …

North American publisher EA has announced that it suffered losses totalling $641m for the three months ending December 31st 2008 – this compares to losses of $33m in the same period the year before. Revenue was up, however, hitting $1.65bn compared to $1.5bn in 2007. In further bad news, EA …

THQ is restructuring its mobile division to focus on high-end games for iPhone, N-Gage, PSP and DS, and it seems that this has seen 75 per cent of the THQ Wireless workforce across three offices in the US and Europe made redundant, equivalent to about a hundred people. MCV’s sister …

Job losses reported at Canada's Burnaby studio and publisherâ??s Australian arm

The EA rumour mill has continued to grind this morning with talk of further lay offs in both Canada and Australia. Overnight speculation on Kotaku claims that EA Canada’s Burnaby studio will be the next to suffer lay offs, with the site claiming that up to 55 people have lost …

British developer Kuju has confirmed to MCV’s sister magazine Develop that it has made redundancies across a number of of its offices – but says that it remains optimistic about company growth in 2009. 10 positions at Zoe Mode are ‘at risk’ the firm said, with some other jobs lost …

Leading US electronics retailer Best Buy has announced that a number of its staff at the firm’s Minneapolis HQ are set to lose their jobs as the retailer continues to cut costs, with details to be confirmed on February 19th. Forbes reports that Best Buy had previously run a voluntary …