PixlBit

"Weak TV sales and swelling losses" are to blame.

Sony Corporation is expected to cut 10,000 jobs worldwide over the next year due to "weak TV sales and swelling losses." This doesn't come as a big surprise as the company posted big losses for the last quarter of 2011 and the PlayStation Vita hasn't been selling as well as originally hoped. Other endeavors, like 3D technology and the PlayStation Move have both been disappointing for the company, failing to the gain the traction necessary to bring the company out of debt.

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THQ shifting to a single-player focus, over 100 employees laid off.

Financial woes at THQ have brought many titles being developed for the publisher under scrutiny.  While some titles have been scrapped altogether, other titles, such as the planned MMO Warhammer 40K: Dark Millennium, have been “refocused” – changed to fit into their evolving new strategy of serving the hardcore gamer.

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Only 10% of the affected employees are from game development.

Blizzard Entertainment announced today that they have cut 600 jobs as part of a "global reevaluation" of the company. Of those affected by the cuts, only 10% are from game development. Blizzard has assured that the World of Warcraft team, as well as current development and publishing schedules, have not been affected.

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Twisted Metal developer to pursue the mobile game market.

With the long awaited Twisted Metal set to hit store shelves next week, you’d think that developer Eat Sleep Play would be celebrating.  Instead the developer has laid off eight employees last week, reducing the staff to 26. 

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When it rains, it pours...

Reports of THQ's problems have been fast coming in the past week. Two rounds of layoffs and a threat of delisting off the NASDAQ have painted a picture of a company in dire straits. Unfortunately, the bad news keeps coming with this latest report.

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