Sega Cuts Costs

Sega Enterprises is looking to make big budget cuts in an effort to get back into the black. The company hopes to cut nearly $280 million of costs in order to offset an operating loss of the same amount this year. Though the company hasn't offered a specific breakdown of the cost-cutting measures, Sega has suggested that areas such as marketing and research would feel the pinch. "Our sales costs this business year will fall, returning to normal. As we have said several times, we aim to post a profit this business year," said a Sega Enterprises spokesperson.