Nintendo Fires 80% of Entire Nintendo of Korea Staff

By   /   6 months ago
Nintendo

Nintendo isn’t a company known for aggressive lay-offs, but unfortunately they had to take action by laying off almost all of the Nintendo of Korea staff.

This layoff comes after four years of fiscal losses in the Nintendo of Korea section of the company, which has resulted in nearly 80% of the entire staff being fired.

Nintendo has built a reputation of downsizing whenever possible to ensure it would not have to go for the brutal practice of mass lay-offs, something that we saw happen recently with Sony and Microsoft as Evolution and Lionhead studios were altogether shut down.

Even the late president Satoru Iwata was known to taking voluntary pay cuts to keep his staff across the globe employed. Unfortunately, Nintendo of Korea has been witnessing extremely disappointing revenues the past few years, and because of that Nintendo was forced to take action.

Out of the 60 employees that worked in Nintendo of Korea, 50 of them have been fired, reducing the team down to just 10. Fukuda Hiroyuki still remains as Chief Executive of Nintendo of Korea. It is also suggested that the division’s headquarters will be reallocated to a smaller location outside of Seoul.

Source Inven

Featured Videos

Join the Conversation

Hot Right Now

Video Game Remasters

Untold Stories of Video Game Remasters – the Good, Bad, and Ugly

In today’s video, we discuss something subjective – are video game remasters good or bad? And...

by   /   2 weeks ago
Video Game Villains

Top 10 Invincible Video Game Villains Who Just Won’t Die, No Matter …

We all are accustomed with video game villains and the story usually concludes with the fall of...

by   /   1 month ago
Panasonic 3DO

Top-10 Retro Consoles You Never Knew Existed

Video gaming has come a long way! While we are well-acquainted with the likes of Xbox Scorpio and...

by   /   1 month ago
Insanely Priced Retro-Games

Top-10 Insanely Priced Retro Games

It goes without saying that video gaming is a luxury and an expensive hobby. While most of the...

by   /   1 month ago
Video Games Past

Why Some Video Games Should Let Go of Their Past

We all have favorite video games franchises that we so dearly love the way they are and yet we also...

by   /   2 months ago
Load More