Gamez and Gadgetz

Sony, in the same way as hundreds of other companies have announced layoffs in their staff to try to address the ravages of the crisis. Yet David Reeves, president of Sony Computer Entertainment Europe has ensured that these measures do not affect the video game department, with the electronics and television divisions worse. In fact the company closed its plant in Ichinomiya in Japan and establish a 30% reduction in planned operations for the design of televisions.

But the cuts that would result in more than two billion euros will not affect the staff reduction in its gaming sector as had been believed so far, as the president has made it known internally.

“As was the case with the announcement of Sony’s previous restructuring, these measures relate primarily to our business electronically,” says a company representative.

Sony expects a loss of 1.29 billion dollars for the fiscal year end in March 2009 and its video game division hopes to increase the losses by approximately 258 million euros corresponding to half the ravages of the crisis and the other half to Sales of the company, falling below expectations. PS3 sales for the fiscal year ending March 2009 remain at 10 million units expected.

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