Over in Japan, Sega is not doing so well financially. One of their recent press releases says they're closing 110 arcades, cutting the game development budget by 20%, and laying off 560 of 3127 employees. That's roughly 18% of their staff out the door. Wired says Sega had a loss of $238 million US last year and currrently runs 450 arcades. That is some pretty hefty belt tightening going on over there.
This comes after Sega of America laid off 30 people last month, too. It seems like Sega may be struggling a little on both sides of the sea.
Any thoughts on what they should be doing to strengthen the company for this year?