Job Cuts for Microsoft and Sony

I may have mentioned previously that, of the three major gaming consoles, Nintendo's Wii is the only video game console that is resulting in a substantial profit. Microsoft is breaking even pretty much, though I am not sure if they are in the red or black in regards to their Xbox 360. Sony is definitely in the red. Anyway, both Microsoft and Sony have made announcements about jobs in their respective gaming departments today, January 23rd.

First, Microsoft is expected to make over five thousand job cuts. They believe that the majority of these cuts will come from the Entertainment and Devices division, which is the division that brings the world Xbox stuff and Zune stuff.

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Sony states that most of their cuts will not come from their gaming department. Sony has predicted a greater number of PS3 sales, but that PS2 and PSP will get less sales than what they originally thought. To reduce costs, Sony will be doing many things to save even the smallest amount of money like what their employees eat and such.

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There's really not that much to say about Microsoft; they are doing a good job. These job cuts kind of go along with the wave of job cuts that hits every corporation. I was surprised by what Sony had to say. I may be wrong, but I think Sony is in a denial stage, they are still investing more time and money into the PS3.