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Saturday March 31, 2012

Sega Cancelling Games, Planning Layoffs

Sega will be going through a restructuring in the US and Europe that will result in layoffs and game cancellations. Sega blames the global economic downturn for the majority of the financial problems the company has been experiencing within the last year.

Sega did not specify which games it plans to cancel development on, or how many layoffs are on tap. In its note to investors, Sega said the change will result in a smaller company in a better position for "sustained profitability."

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