TITLE

Sony pinkslips 80 gamers

AUTHOR(S)
FRITZ, BEN
PUB. DATE
June 2007
SOURCE
Daily Variety;6/7/2007, Vol. 295 Issue 47, p44
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Sony's U.S. videogame division has laid off almost 80 of its approximately 1,600 employees on June 6, 2007. The division posted an operating loss of $1.9 billion in first-quarter 2007. The dismissal is attributed to the slow sales of the PlayStation 3 (PS3). PS3 is selling fewer units than Nintendo's lower-priced Wii in both U.S. and Japan, and is also behind Microsoft's Xbox 360 in the U.S.
ACCESSION #
25369646

 

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