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Sony Has an Ax to Grind; Will Games Division Feel Its Bite?
Kombo.com — ... Sony Computer Entertainment Europe president David Reeves has informed staff internally that the JPY 250 billion (USD 2.8 billion / EUR 2.1 billion) cost-cutting measures will not include a reduction in games staff, as previously stated last month. "This is still the case. He has just sent a message to employees here to that effect," said a spokesperson for Sony. "As was the case with the previous Sony restructuring announcement this mainly concerns our electronics business." -- GamesIndustry.biz GI.biz also notes that while the company still expects to sell ten million ...

The Daily GameDev.net
GameDev.Net — ... , though these are apparently not hitting the games division . Sony "expects to post a loss of $2.9 billion at the end of March." Eek. Finally, in layoff news anyway, ...

Sony Europe Boss: No Cuts For Us [No Flies On Us]
Kotaku — ... Reeves feels that the restructuring processes Sony will undertake will be mostly confined to the electronics business, and won't affect the PlayStation Group. Of course, that flies right in the face of word last night that the games division would be faced with "headcount reductions and other restructuring measures", but then, it wouldn't be the first time David Reeves made public comment without knowing what exactly was going on in the dark bowels of Sony HQ, Japan. Sony job cuts unlikely to affect games division [GI.biz] ...

Sony staff cuts unlikely to affect games division
Joystiq — Filed under: Sony PlayStation 2, Sony PlayStation 3, BusinessHere's a bit of good news after hearing about job losses in Microsoft's Gamerscore Blog team: Sony says that cuts coming to the company are least likely to come from the gaming division, according to GamesIndustry.biz. The comments were, of course, made in reference to Sony's talk yesterday of restructuring, after it expected to post $2.9 billion-with-a-B in annual losses. A spokesperson for the company told GI.biz, "As was the case with the previous ...

Sony: Layoffs Not Coming From Gaming Department
G4 TV - TheFeed — ... No layoffs, but look for some serious belt-tightening at Sony. No more diamond-encrusted cell phones; no more California Condor sandwiches in the company cafetorium; and nap-pod use will be limited to only four hours a day. Seriously, taking into account rumors spread earlier today about Microsoft, do you think the "targets" of each company's layoffs says anything about their long-term commitment to remaining in the gaming world?  Source