SEGA Japan asks for 650 of their employees to voluntarily retire after "extraordinary losses"

segaaaaaaaaa.png

SEGA selling off their arcade business isn't the only bad news for the company. A press release has just announced that due to losses suffered this recent financial quarter SEGA will be asking 650 of its employees to "voluntarily retire". The document states that SEGA is establishing a structural reform to adapt to a post-Covid-19 market, and to offset further losses expected to be reported in their yearly fiscal report, set to be reported in March 2021. While an exact number hasn't been released, SEGA expects to have lost 10 billion yen in losses since the onset of Covid-19 throughout the entire fiscal year. Any workers facing voluntary retirement will be given "extraordinary retirement allowances" and SEGA will help any former employees find new work through reemployment support.

This isn't the only cost-saving measure being taken by the company either, as their executive staff will be facing salary cuts. Any employee above the position of Representative Director or Senior Vice President will see their income cut 10-30%.

:arrow: Source
 

Julie_Pilgrim

Secretly three raccoons in a trench coat
Member
Joined
Sep 2, 2020
Messages
2,645
Trophies
3
Location
(REDACTED)
Website
zoey-on-github.github.io
XP
1,916
Country
United States
Sega survived the Dreamcast trainwreck.. I don't see any of this happening tbh.
They barely survived that, and this is much worse

--------------------- MERGED ---------------------------

The 3d Sonics have been one gigantic turd after the other.
What about colors and generations?
 

Pacheko17

Controversial opinions guy.
Member
Joined
Jan 31, 2015
Messages
1,495
Trophies
1
Location
República Juliana
XP
1,865
Country
Brazil
focus here should be Sega.

You're the one who brought up Nintendo.
And yes, Microsoft has been scummy in the past, and their OS division still is.

But Xbox changed for the better. They're being very pro-consumer.
Also DirectInput brought way too much fragmentation, not all controllers used to use the same signals.

I'm not an MS fanboy, I have owned Xbox, Playstation and Nintendo consoles. My main system right now is PC with Linux (and a Windows partition for games with bad anti-cheat).

You're the fanboy here if you honestly believe that Nintendo would treat SEGA well.
 

robman62

Well-Known Member
Member
Joined
Nov 23, 2008
Messages
299
Trophies
1
XP
420
Country
United States
They should make SA3 or remake SA2, that would definitely be profitable.

Popular and profitable are two completely different things. I would love to see SA3 or a new Power Stone, but those take resources to make. Sega probably doesn’t have the resources and the potential profit would not be substantial enough to save the company.
 
  • Like
Reactions: Julie_Pilgrim

Site & Scene News

Popular threads in this forum

General chit-chat
Help Users
  • Psionic Roshambo @ Psionic Roshambo:
    "pine unf apple" doesn't count! Lol
  • Psionic Roshambo @ Psionic Roshambo:
    Employee code of conduct videos are awesome!!! Did you know eating the other employees is bad? I didn't know... Lol
    +1
  • AncientBoi @ AncientBoi:
    Anymore males there? :blush:
  • Psionic Roshambo @ Psionic Roshambo:
    All of us lol
  • Psionic Roshambo @ Psionic Roshambo:
    I got free every channel so that's awesome lol
    +1
  • AncientBoi @ AncientBoi:
    Give me ALL the gay pron channels, since you won't be watching them :blush::D
    +1
  • Psionic Roshambo @ Psionic Roshambo:
    Lol they exist?
    +1
  • Psionic Roshambo @ Psionic Roshambo:
    Hmmm so Mario Does Luigi's plumbing is a bad movie? Lol
  • Psionic Roshambo @ Psionic Roshambo:
    These videos are soooo dry
  • Psionic Roshambo @ Psionic Roshambo:
    Please click all suspicious links sent your email
    +1
  • BigOnYa @ BigOnYa:
    What to do today? Cut grass for 3-4 hours, or just get drunk and play video games... Hmm
    +1
  • BigOnYa @ BigOnYa:
    I need a remote controlled mower, so I can sit on the couch and do both.
  • BigOnYa @ BigOnYa:
    Sounds good to me, video games and booze it is then.
    +1
  • denpafan @ denpafan:
    Good choice
    +1
  • BigOnYa @ BigOnYa:
    Now what to play, Starfield or Fallout4. And what to drink, beer or Whiskey and Coke. Such tough decisions.
  • BigOnYa @ BigOnYa:
    Looks like its whiskey & coke, only 4 beers left. And think ill start with Falllout. :grog:
  • rqkaiju2 @ rqkaiju2:
    THIS IMAGE IS SO SCARY WTF. THAT SURE AS HELL IS NOT A CAT THATS LIKE A FUCKING DEMON

    Untitled2.png
  • Psionic Roshambo @ Psionic Roshambo:
    Bonus points for running things over with the lawn mower?
    +1
  • Psionic Roshambo @ Psionic Roshambo:
    Monster truck Lawn Mower extreme
    +1
  • BakerMan @ BakerMan:
    she was an apple appstore girl
    he was an uptodown boy
  • Psionic Roshambo @ Psionic Roshambo:
    He was an android boy
  • Psionic Roshambo @ Psionic Roshambo:
    She said see ya later boy lol
    Psionic Roshambo @ Psionic Roshambo: She said see ya later boy lol