raises instead of layoffs;  Nintendo surprises positively – Game News

Nintendo raises instead of layoffs; surprises positively – Game News

Nintendo isn’t going to follow in the footsteps of other companies and isn’t going to make big staff cuts. The Japanese company not only does not get rid of employees, but wants to pay them even more. You just announced 10% wage increases.

Rising inflation and the resulting slowdown in the economy have led many large companies to announce workforce reductions. Disney intends to get rid of 7,000 people, and Microsoft and Amazon, Twitter and Meta also announced similar staff actions.

However, some companies have no intention of getting rid of experienced employees and, as if that were not enough, they are increasing their salaries. Among them is Nintendo, whose chairman, Shuntaro Furukawa, just announced a 10% pay rise to make the company more competitive in Japan’s demanding job market. The CEO believes that securing the workforce is extremely important to the long-term growth of the company.

With curiosity, Nintendo Raises Employee Wages Despite Falling Profits. Of course, in los first three quarters of the current fiscal year, the company registered a net gain of 346 thousand million yen ($ 2.6 million), and is 5.8% lower in comparison with the mismo período del past year. This is mainly due to the decline in console sales, linked to shortages of semiconductors and disruptions in supply chains caused by the pandemic.

Nintendo raises employee wages

Due to the company also had to lower its annual profit forecast from 400 billion yen to 370 billion yen ($2.8 billion). In comparison, the profit made in the previous fiscal year was 477.7 billion yen. Meanwhile, Nintendo’s product sales in the first three quarters of the current fiscal year totaled 1.3 trillion yen ($10 billion), down 1.9% year-on-year. former.

The company has already adapted its plans to the current market situation and plans to find buyers for 18 million Switch consoles this year, although previous forecasts called for sales of 21 million units.

I would also add that the total sales of Switch consoles worldwide have already exceeded 122 million units. Despite the increasing competition, the device is still holding its own, mainly thanks to the excellent exclusive games. However, the Switch is almost six years old and stands out from its rivals in terms of capabilities, offering a much lower image resolution, so a successor would certainly come in handy.

Unfortunately, for now, we cannot count on it. Although the company at one point worked on a more powerful Switch, it recently announced that this device would never be built. So fans of the brand should stick with the current model for now.

Brent Dubin
Brent Dubin, known as the Gaming Giant among Globe Live Media staff, is the chief Gaming Reporter for Globe Live Media. Having attended all the major events of Gaming around the World, he is sure to give you exactly the update related to gaming world you are looking for.Work Email: brentgamebo@outlook.com