Tag

Economic

Sony, Microsoft Announce Layoffs, Cost-Cutting Measures

The recession is continuing to hit the games industry hard, and now both Sony and Microsoft have announced major reductions and restructuring plans to deal with the financial downturn. Kotaku reports that Microsoft is cutting 1,400 jobs today and plans to reduce another 3,600 over the next year and a half.…

google.com, pub-3772983857049267, DIRECT, f08c47fec0942fa0