Sega has announced a restructuring that includes the cancellation of Creative Assembly’s shooter Hyenas and other projects within the wider Sega organization. Sega Sammy, the parent company, said this restructuring is mainly taking part within the company’s European divisions. As a result of the effort, Sega plans to take a loss for the current fiscal year.
In a statement, Sega said “the environment surrounding the consumer area has been rapidly changing, including reactionary decline from the stay-at-home demand in COVID-19 and the economic downturn due to inflation in European region, and profitability has been lowered mainly in European bases.”
In response to this, Sega said it is taking steps to “implement structural reforms aimed at increasing efficiency,” mainly in Europe.