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%.

Source

 

[call me Ken or Accel]

Smh these people saying that Microsoft going to buy Sega when Japan has a law that prevent foreign companies buying Japanese companies because to protect national asset
Sigh

 

[Bladexdsl]

Smh these people saying that Microsoft going to buy Sega when Japan has a law that prevent foreign companies buying Japanese companies because to protect national asset
Sigh

that didn't stop trump with tik tok

 

[eriol33]

Microsoft buying Sega would be depressing, it means I must buy xbox to play persona 6.

 

[VartioArtel]

that didn't stop trump with tik tok

Tiktok's from China I thought, not Japan...

 

[RichardTheKing]

Fun fact from Matt McMuscles' Wha' Happun video: after the DC, SEGA was going to bite the dust, but the president of the company they were in debt to decided to cancel their debt on his deathbed.

That's...unusually generous. It's highly doubtful COVID will be this generous, killing a wealthy guy who decides to do the same thing...

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I sure do hope that if they get monetary help through stockholding, it won't be from a company that will force console/storefront exclusivity (i.e. another software sided company like Capcom, Level 5 or Bandai). I still want Project Diva and Project Mirai to be a thing.

You forgot Epic Fail, somehow. Have they even worked on their shitty store and launcher, at all? Does it even have a shopping cart?

 

[GBADWB]

Smh these people saying that Microsoft going to buy Sega when Japan has a law that prevent foreign companies buying Japanese companies because to protect national asset
Sigh

I mean it only turned into a japanese company. Sega was originally an american company. And if it is about the japanese selling assets, you are aware that softbank (a japanese company) is looking to sell of ARM right(and ARM is magnitudes more valuable than Sega is)? and last I recall, the japanese government have not stepped in to stop it yet. The Japanese government isn't going to stop all acquisitions.

 

[anhminh]

Ooh, poor Sony and their exclusive if Sega and Persona game are gone. On the bright side, it will increase chance for Persona on Switch.

 

[Deleted member 323844]

Sega survived the Dreamcast trainwreck.. I don't see any of this happening tbh.

 

[Ampersound]

I hope Sega survives this.
I wouldn't like to see another aquisition, slowly leaving only global players on the market.

 

[eyeliner]

They have more than 650 employees?

That, for me, is a wow factor, considering that SEGA is now mostly a publisher with two or three development departments that don't really do much.

It fails to surprise me, considering the recent flops they put out (Panzer Dragoon being a blunt measure that some games are dead) didn't help. And the hits, were out sourced, like Sonic Mania and Streets of Rage IV.

Point to take, SEGA doesn't know what to do with their own property, relying on others to do their work and keep the company relevant.

I really hope one of these days someone grabs Alex Kid and awakens him. Or I will make a prototype and ask SEGA for permission to develop a full game. Or a Wonder Boy. Shinobi/Shadow Dancer.

Quirky Mafia and Yakuza games, while good, hardly keep the boat afloat.

 

[TrendingNews]

i'd rather that than mic buy them and have sonic exclusive only on the SHITbox

Most if not all of Microsofts games are on multiple platforms, but yeah sure lets call that "exclusive".

 

[MaxToTheMax]

Everybody talking about MS buying SEGA is forgetting how many games SEGA publishes. A lot of ATLUS and all of the Miku rhythm games to name a few.

American (or even just Microsoft games) published game in the Japanese market have always performed worse than others. I would prefer SEGA to die a fast death rather than MS stepping in.

 

[Quarions]

Microsoft buying Sega would be depressing, it means I must buy xbox to play persona 6.

Or stop being poor and go buy a PC idk

 

[eriol33]

Or stop being poor and go buy a PC idk

I already have a pc, but always buy a console for the exclusives. I bought a PS4 for the sake of persona 5.

 

[SnakeOil992]

Voluntarily retire? That's what we call it now?

 

[PatrickD85]

I feared the arcades where not the only part of SEGA that would take a hit. Hope they manage to pull through as a company but also hope the people involved get treated fair.

 

[YugamiSekai]

I'd prefer Nintendo buy SEGA, at least that would mean Project DIVA would likely get guaranteed switch ports in the future.

 

[Goku1992A]

I have to ask but what exactly does Sega have to offer in 2020? I mean if this was 1991 it would make sense for a merge but they made so many bad mistakes that they never recovered. Sonic is like Mario it gets pretty old (30 years old) I rather Sega just die with dignity rather than be bought out by Microsoft which would still lead in poor game sales. Or maybe just stick to movies since the last one did well

 

[Minox]

I mean it only turned into a japanese company. Sega was originally an american company. And if it is about the japanese selling assets, you are aware that softbank (a japanese company) is looking to sell of ARM right(and ARM is magnitudes more valuable than Sega is)? and last I recall, the japanese government have not stepped in to stop it yet. The Japanese government isn't going to stop all acquisitions.

arm isn't a Japanese company so Softbank selling off one of its foreign assets should not be a problem.

 

[Bladexdsl]

Most if not all of Microsofts games are on multiple platforms, but yeah sure lets call that "exclusive".

shhhh...you'll upset the sexbots