Saturday, March 01, 2008
SCI Entertainment announced steep losses and cut 25% of their staff
SCI Entertainment, the owner of the Tomb Raider games, has announced steep losses and a major business revamp.
The computer games maker said losses in the six months to the end of December were £81.4m ($161.6m) compared with a £17.9m loss a year ago.
New chief executive Phil Rogers cancelled 14 projects and announced 260 job losses - 25% of the firm's staff.
He also said the revamp could cost up to £55m and added that it might have to sell shares to cover the cost.
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