EA has announced that they have slashed 10% of their global staff in an effort to further increase profits

I was busy browsing around, reading random gaming articles as I’m prone to do when I’m supposed to be working, when I stumbled upon the official known issues list of Borderlands. This list is quite extensive and I was actually shocked to see how many bugs there are on all 3 platforms. This got me thinking… Last Updated: October 28, …

We posted a little while back on the rumour that Microsoft may be slashing 15 000 jobs. At that time I did say that I found it to be highly unlikely and while job cuts were likely, I expected it to be far fewer and closer to the 9000 mark. Well it seems that I was overly pessimistic, as overnight …

Is Microsoft the next big corporation to be hit by the economic downturn? According to unsubstantiated rumours Microsoft is lining up to let over 15 000 contractors and Agency Staff go. Microsoft is sticking to their normal ritual of refusing to comment on rumours and I for one am not sure how true this one is going to be. We …

This news couldn’t have come at a better time for Sony and us as consumers. The latest iSuppli reports are out and apparently Sony has managed to slash production costs on the PS3 by a whopping 35% leaving the console nearly breaking even on everyone sold. iSuppli themselves expect Sony to start making a profit on each console sometime later …

Sony has become the first of the console manufacturers to blink in the world recession when it announced today that it is embarking on a cost cutting exercise that will see 8000 employees lining up for unemployment benefits. They will also be pulling out of unprofitable businesses in an attempt to slash $1.1 billion of it’s balance book, or whatever …