Games World

Sega Asks 650 Employees To ‘Voluntarily Retire’, Cuts Executive Salaries

Expects to record 10bn yen in extraordinary losses.

Following this week’s news that Sega Sammy is set to sell the majority of its shares in Sega Entertainment, the company has now announced that it is asking 650 employees to ‘voluntarily retire’ and will slash the salaries of top executives.

The company, formed by a merger of both Sega and Sammy in 2004, has revealed its plans in a newly-published Notice of Forecast document. As spotted by Kotaku, the notice reads, “In light of the situation that many of our Group’s business are significantly affected by COVID-19, we have established a Structural Reform Committee to reform our organization structure to adapt to the external environment…

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