Electronic Arts has said it will lay off staff, with some reports putting the figure at five to six percent. The company's profits have been dropping, and the announcement comes one day before the release of its latest quarterly finance report.
Midway has given interim CEO Matt Booty, who has held the position since March, a nod for the permanent job. The company has had some struggles as of late, so apparently, they believe Booty is the man who can return them to their glory days.
Konami is expecting an 88% jump in profits for the six-month period closing Sept. 30, largely driven by the latest installment in the Metal Gear Solid franchise. A single hit title can carry an entire company in these tough economic times, it seems.
Nintendo's highly-anticipated DSI is said to be hitting the stores next summer, sooner than initial reports that placed its release in the 2009 holiday season. The dual-camera device will be released in Japan tomorrow.
Is the on-again, off-again Google-Yahoo search deal crumbling? A new report from the Wall Street Journal indicates that Google could walk away from it for good as early as next week. The deal has been mired in antitrust legislation up until this point, so its failure comes as no surprise.
If you're a designer of iPhone apps, your future seems assured – demand for app designers has risen by 500 percent over the last six months.
More details have emerged about the cutbacks at Conde Nast. Men's Vogue, which was thought to be scuttled entirely in initial reports, is being cut back to a bi-annual instead - which means it may as well have been scuttled.