Microsoft will cut 1,400 jobs today, with the intention of cutting an additional 5,000 over the next 18 months. VentureBeat reports that "[t]he cuts are coming in research and development, marketing, sales, finance, legal, human resources and information technology," and "will reduce the company’s annual operating expense run rate by approximately $1.5 billion and reduce [...]
Continue reading...Thursday, January 15, 2009
Despite reporting an 18% increase in overall annual sales in October 2008, the NPD has recently acknowledged the that recession is, in fact, taking a toll on the U.S. video games industry. Yesterday, during a lunch session at the Game Business Law Summit, NPD senior account manager Michael Klotz addressed the growing presentiment that the [...]
Continue reading...Thursday, October 30, 2008
"EA Curbs Spending by Curb Stomping 600." "Riccitiello Replaces 6% of Employees with Mercenaries." "EA Cuts Off 2400 Of Its Own Limbs." There were a variety of jokes with which I could have headlined this article. But this is no laughing matter. As many as six hundred men and women working for Electronic Arts, the second-largest independent video game [...]
Continue reading...Tuesday, July 1, 2008
"It reminds me of the circumstances attendant upon the death of Van Jansen, in Utrecht, in the year ’34. Do you remember the case, Gregson?" "No, sir." "Read it up – you really should. There is nothing new under the sun." -- A Study in Scarlet, Arthur Conan Doyle Those who try to apply analysis to make predictions about an [...]
Continue reading...Tuesday, April 8, 2008
On a positive economic note, Colin Sebastian of Lazard Capital Markets is predicting that software sales in the games industry experienced year-over-year growth in March. Such predictions have become common place among analysts who are increasingly bullish about the recession-proof potential of the video game industry.
Continue reading...Friday, March 7, 2008
Lately, analysts have loved the video game industry, making claims that it may be recession-proof, but there are still questions that linger. With the market shedding jobs at a remarkable rate, analysts are looking for any signs of optimism, and the video game industry has continued to prosper.
Continue reading...Monday, March 3, 2008
As concerns over the subprime market crisis have spread deeper into international markets, the value of the American dollar has swooned. According to a report at Bloomberg, the weakness of the dollar is having an effect on Japanese companies who rely on exports to the U.S. for revenue. Despite the overall vitality of Nintendo, their [...]
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Thursday, January 22, 2009
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