{"id":11747,"date":"2020-11-12T21:58:42","date_gmt":"2020-11-12T21:58:42","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=11747"},"modified":"2026-04-24T00:08:25","modified_gmt":"2026-04-24T03:08:25","slug":"sega-sammy-cuts-executive-payment-and-staff","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/sega-sammy-cuts-executive-payment-and-staff","title":{"rendered":"Sega Sammy cuts executive payment and staff"},"content":{"rendered":"\n

The\u00a0Japanese\u00a0gaming firm plans to cut 650 positions from its\u00a09,051-strong payroll\u00a0by the end of the year.\u00a0\u00a0<\/p>\n\n\n\n\n\n\n\n

Japan.-\u00a0Sega Sammy Holdings has opened a\u00a0voluntary redundancy scheme through which it plans to reduce its staff by 650.\u00a0\u00a0<\/p>\n\n\n\n

The company also confirmed its directors will take pay cuts as the firm expects\u00a0extraordinary losses\u00a0of JPY10bn (US$95m)\u00a0in the fiscal year ending March 2021.\u00a0<\/p>\n\n\n\n

The company said: \u201cIn light of the situation that many of our\u00a0group’s business are significantly affected\u00a0by Covid-19, we have established a Structural Reform Committee to reform our organization\u00a0structure to adapt to the external environment and working to review the balance sheet for non-business properties, build an organizational structure that can\u00a0adapt to changes in the market environment, and\u00a0reduce costs\u00a0centred\u00a0on group-wide fixed expenses.\u201d\u00a0<\/p>\n\n\n\n

Part of this restructuring was the transfer of its amusement centres<\/a><\/em><\/strong> business to GENDA.<\/p>\n\n\n\n

Sega Sammy said: \u201cWe consider that it is necessary to promote cost-reduction centred on fixed expenses and build an even more efficient system and decided to call for voluntary retirement of employees.\u201d <\/p>\n\n\n\n

The eligible\u00a0applicants will be full-time employees and contract employees\u00a0of the four companies in the group. <\/p>\n\n\n\n

The programme will be open from November 16 to December 25, and those chosen will leave the group on February 28, 2021.<\/p>\n\n\n\n

Meanwhile, the representative director of the board will see his salary reduced by 30 per cent. The director and senior executive vice president will receive a cut of 20 per cent, and the senior vice president will perceive 10 per cent less.<\/p>\n\n\n\n

The pay cuts will affect directors of the group’s companies, with reductions of between 5 and 20 per cent on monthly base salaries between November of 2020 and March 2021.\u00a0\u00a0The company will not pay\u00a0performance-related bonuses for the current year.\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

The\u00a0Japanese\u00a0gaming firm plans to cut 650 positions from its\u00a09,051-strong payroll\u00a0by the end of the year.\u00a0\u00a0<\/p>\n","protected":false},"author":2,"featured_media":11749,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Sega Sammy Holdings, a prominent Japanese gaming firm, is initiating a voluntary redundancy program targeting 650 positions and implementing executive pay reductions to mitigate extraordinary losses of JPY10bn (US$95m) anticipated for the fiscal year ending March 2021. This strategic restructuring, driven by Covid-19's impact, includes the divestment of its amusement centres business to GENDA, aiming for enhanced operational efficiency and cost containment.","focusai_entities":"Sega Sammy Holdings, GENDA","focusai_location":"Japan","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Strategic Portfolio Shift","query":"How does the divestment of the amusement centres business to GENDA align with Sega Sammy's long-term strategic vision for its core gaming verticals and its capital allocation priorities?"},{"label":"Shareholder Value Impact","query":"What specific measures are being implemented to restore shareholder value and mitigate the impact of the JPY10bn extraordinary losses, beyond the immediate cost-cutting and executive compensation adjustments?"}],"footnotes":""},"categories":[157,16338],"tags":[1842,21723],"class_list":["post-11747","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-sega-sammy","tag-workers"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=11747"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11747\/revisions"}],"predecessor-version":[{"id":11755,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11747\/revisions\/11755"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/11749"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=11747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=11747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=11747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}