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#Layoffs

38 Studios, Big Huge Games Lay Off Entire Staff

379 employees are now without work.

Things haven’t been exactly sunshine and roses for Kingdoms of Amalur: Reckoning developers 38 Studios and subsidiary Big Huge Games.  The Curt Schilling run studio has been making national headlines for all the wrong reasons, initially missing the first payment of a $75 million dollar loan to the state of Rhode Island – the repercussions for which are starting to hit home.

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Sony Expected to Cut 10,000 Jobs

"Weak TV sales and swelling losses" are to blame.

Sony Corporation is expected to cut 10,000 jobs worldwide over the next year due to "weak TV sales and swelling losses." This doesn't come as a big surprise as the company posted big losses for the last quarter of 2011 and the PlayStation Vita hasn't been selling as well as originally hoped. Other endeavors, like 3D technology and the PlayStation Move have both been disappointing for the company, failing to the gain the traction necessary to bring the company out of debt.

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Sega Cutting Staff, Canceling Games

The US and Europe divisions will be affected.

Sega's forecasts for the fiscal year, which ends March 31, have been lowered. As expected, net income is down 47.4% and Sega Sammy's board of directors has enacted a drastic plan to reduce its operating costs in the future. This means that Sega will be 'restructuring' its operations in the US and Europe.

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Warhammer 40K: Dark Millennium is an MMO No More

THQ shifting to a single-player focus, over 100 employees laid off.

Financial woes at THQ have brought many titles being developed for the publisher under scrutiny.  While some titles have been scrapped altogether, other titles, such as the planned MMO Warhammer 40K: Dark Millennium, have been “refocused” – changed to fit into their evolving new strategy of serving the hardcore gamer.

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Obsidian Entertainment Employees Laid Off Due to Metacritic Score

South Park RPG and unnamed next gen title affected

Joystiq has reported that Obsidian Entertainment was struck by layoffs this week, affecting staff across the board.  As a result, staff currently developing the South Park RPG were let go, and an unnamed next gen project was canceled. 

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Blizzard Lays Off 600 Employees

Only 10% of the affected employees are from game development.

Blizzard Entertainment announced today that they have cut 600 jobs as part of a "global reevaluation" of the company. Of those affected by the cuts, only 10% are from game development. Blizzard has assured that the World of Warcraft team, as well as current development and publishing schedules, have not been affected.

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Dark Energy Digital Facing Closure

Layoffs have already begun and the company is deep in debt.

Dark Energy Digital, the company behind Hydrophobia, may be seeing its final days. Joystiq is reporting that the developer has already begun laying off employees and is deeply in debt.

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Eat Sleep Play Lays Off 20% of Staff, Jaffe Exits

Twisted Metal developer to pursue the mobile game market.

With the long awaited Twisted Metal set to hit store shelves next week, you’d think that developer Eat Sleep Play would be celebrating.  Instead the developer has laid off eight employees last week, reducing the staff to 26. 

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Layoffs Hit EA Canada and Blackbox

Even though Electronic Arts had a good year, some developers are being let go.

Electronic Arts is in the process of "restructuring", according to a report on The Escapist. The publisher is laying people off in its Canadian workforce, specifically EA Canada and Black Box. The reason for this is unknown considering EA had good sales numbers in 2011.

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THQ CEO Reducing Salary, Layoffs Now At 240

When it rains, it pours...

Reports of THQ's problems have been fast coming in the past week. Two rounds of layoffs and a threat of delisting off the NASDAQ have painted a picture of a company in dire straits. Unfortunately, the bad news keeps coming with this latest report.

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