Nintendo Not Interested In Lay-Offs To Improve Profits

By Ishaan . July 5, 2013 . 10:30am

At Nintendo’s 73rd annual general meeting of shareholders, one individual in attendance asked why the company hasn’t carried out corporate restructuring and conducted lay-offs in order to help offset their recent financial woes.

 

Nintendo president Satoru Iwata fielded the question, replying that Nintendo aren’t interested in reducing their employee headcount, and would prefer to strengthen their business in other ways.

 

“Regarding why we have not reduced the number of the personnel, it is true that our business has its ups and downs every few years, and of course, our ideal situation is to make a profit even in the low periods, return these profits to investors and maintain a high share price,” Iwata said. “I believe we should continue working toward this ideal.”

 

However, he continued, “If we reduce the number of employees for better short-term financial results, however, employee morale will decrease, and I sincerely doubt employees who fear that they may be laid off will be able to develop software titles that could impress people around the world. I believe we can become profitable with the current business structure in consideration of exchange rate trends and popularization of our platforms in the future.”

 

Nintendo aren’t against cutting unnecessary cost and running their business operations more efficiently, but this plan doesn’t involve letting a number of employees go, or publicizing the company’s restructuring plans.

 

“I also know that some employers publicize their restructuring plan to improve their financial performance by letting a number of their employees go,” Iwata explained, “but at Nintendo, employees make valuable contributions in their respective fields, so I believe that laying off a group of employees will not help to strengthen Nintendo’s business in the long run.”

 


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  • KingGunblader

    Satoru Iwata: Good for Nintendo gamers, bad for Nintendo investors.

    And that’s why I love him. <3

    • Laer_HeiSeiRyuu

      In the long term he’s good for both.

  • Dashiell A.T., esq.

    I wish some American companies would follow this example.

  • RisukuAozora

    Iwata actually knows how to run a business… gotta love him for it.

    • TiredOfMyOldUsername

      Yes, something that most corporations have forgotten lately sadly…
      All they see in front of them is money and not what help them reach that money…

      • Laer_HeiSeiRyuu

        Biggest problem with the Smartphone Industry Bandwagon

    • linkenski

      The thing other CEO’s fail at it making business while still focusing on creating consistently great games. I have to say i admire Iwata’s ideals here. One of the reasons why i dislike most of the latest Sega games, for one, could be because Sega’s employee morale is low due to all the restructuring.

    • Laer_HeiSeiRyuu

      He also knows how to develop games >:P

      • abysswalker

        And that’s a huge point for him. Actually for a lot of japanese top executives in the videogame industry compared to the ones in the west, where most of them don’t like/care at all about videogames

        • Laer_HeiSeiRyuu

          Mhmm. I hope Reggie likes his games

  • Pfantzypantz

    Iwata will always be the man

  • Spirit Macardi

    This is the company that people claim is evil? This is the company that people say should drop out of the console race? The company that just decided not to screw over its staff for the sake of money, like pretty much EVERY other developer has done?!

    Nintendo, it’s times like these that make me realize it isn’t simple nostalgia that’s made me support you over the years.

    • Syltique

      Well said.

    • kenshinx13

      I couldn’t agree more. I’m saddened every time i see someone bash Nintendo because this shows they have one thing that a lot of other companies just don’t have—faith in their consumers and workers.

    • Farid Belkacemi

      I’m with you buddy :)

    • raymk

      Well said, which means I don’t have to say anything on the matter except don’t worry nintendo, smash and mariokart will save the wiiU.

      • Anonymous

        And don’t forget X

        • beat

          and SMT X Fire Emblem :D

          • zeta

            hope bayonetta 2 is in the count for this

  • Minos

    Actually?

    I think they need more people, buy Atlus Iwata.

    • https://twitter.com/BinksFrost Binks5

      Seriously, with so many third parties backing away from nintendo it’s probably more crucial then ever to keep first party moral as high as possible, this is also a smart move from Iwata’s perspective if you think about it.
      If I was a developer I would support nintendo on principle alone

    • Dhruv Rajyagor

      I second this notion. Atlhs is going bankrupt. Nintendo needs more people. Hell, this would be awesome.

      • Solomon_Kano

        Index is going bankrupt. Atlus is profiting.

        • Dhruv Rajyagor

          Atlus is profiting? Huh, I thought they weren’t since the parent company is going bankrupt. My bad.

          • Solomon_Kano

            It’s cool.

            Yea, while Index on the whole is in debt, Atlus is still reporting profits.

          • Dhruv Rajyagor

            Huh. I guess Atlus DOESN’T beed to be bought then.

            Regardless, Nintendo buying Atlus would be pretty cool, but seeing as how I not much of an Atlus fan, It doesn’t matter to me. Hope Index doesn’t go bankrupt though.

  • Go2hell66

    i disagree, you’d be amazed at what people can come up with under pressure.
    if intelligent systems weren’t told FE awakening would be their last FE game if they didn’t get enough sales the game wouldn’t have been half as good as it is, now imagine how good it would have been if you told them they might get fired :D

    • Enzo

      The problem is that too much pressure is bad as well. The pressure that you will be laid off can easily be detrimental to your work.

    • JustThisOne

      Ehh, but that’s also why FE Awakening seemed a little schizophrenic with ideas, as well. They introduced a lot of new things. While it was still very great, it almost felt like they forgot about some of the best things about Fire Emblem. Like, where did all the seize chapters or survive chapters go? The basic gameplay was the same, but the level design itself seemed to lack… creativity?

      But that’s what happens when you throw in too many new things. It’s hard to integrate all of them nicely.

      Once again, though, it was still a great game. <3 Grinding my way to 50k Renown as we speak.

      EDIT: Aww, don't downvote the guy just because he's speaking his mind! There's some truth to it. A friend of mine used to say, “You always get the most done in the last minute.”

      • キロ

        Yes, the “schizophrenia” was reflected in the mess of a story as well.

        • JustThisOne

          To be honest, I didn’t think the plot was that horrible. It was basically Sacred Stones with a time skip. But I digress.

          • Laer_HeiSeiRyuu

            But Sacred Stones had an ENDGAME.

        • http://wiredjungle.wordpress.com/ DrakosAmatras

          I wouldn’t call it a “mess”, since there weren’t crippling factors in the narrative. Maybe just “standard” and “predictable”.

          • キロ

            Yes, I suppose “mess” is the wrong word. Just the three arcs felt a little disconnected and such, like three separate games, almost. ^^

        • Suicunesol

          I enjoyed it. Don’t consider it a mess.

          I actually enjoyed the different arcs because we got to experience more than just one campaign. FE8 was just demon king straight through, which was a little boring. And for FE7, we had Lyn’s arc, followed by Eliwood. And Hector’s was last. FE4 can also be considered to have 2 arcs, but those meshed together naturally.

    • Vyse_the_Stampede

      In my opinion, depending on the developing team, you are correct, it can have great results (Final Fantasy), but it can also have disastrous results (especially if strict time deadlines are imposed). Although I think the reason these great examples exist are because they have as a base the love for the series (or the company/industry), instead of based in the fear of losing their jobs.

      If the higher-ups say this is the last chance for a series (that you as a creator, quite probably, care a lot about and want to see succeed), or for the company that took you in and treat you well and with loyalty (Nintendo in this case), it’s completely different, and it should create a totally different work environment, than if they say this is you last chance to keep your job. And I also think that, even if you get great results with the second layout, it won’t work more than once (… maybe twice), since pressure will eventually crush them, and/or make them hate their job.

      Nintendo games, with the exception of Zelda and Pokemon series, never grew on me, so I can’t say I’m exactly a Nintendo fan, but if, or when, they are forced to leave this industry, I think it will take much of the color away, making it a much darker industry, and I’m sure the world of Video Games will become a considerably poorer place.

      • Laer_HeiSeiRyuu

        Nintendo has a vast portfolio you should play more.

        • Solomon_Kano

          Are you going to go through and try to go against each person whose opinion isn’t absolutely in favor of Nintendo? He said Nintendo’s games didn’t grow on him apart from those two series, not that he hasn’t played more.

          Again, that’s the poster’s personal opinion. Leave it at that and move on.

          • Laer_HeiSeiRyuu

            Im more concerned as to why you’re following me around Im just going through the conversation like I always do. No one’s preventing them from sharing their opinion. Im sharing mine. Leave it be. People make blanketed statements, it doesnt hurt to show them another perspective.

          • Solomon_Kano

            Following you? I’m a mod. I read through the comments on articles. That happens.

            If the person isn’t interested, they aren’t interested. That’s not something that takes “another perspective”. You’re welcome to share your opinion, certainly, but it’s not something you can rebut if someone says they don’t care for something. That’s their personal view. Assuming they hold that view because they need to “play more” of Nintendo’s games is presumptuous

          • Laer_HeiSeiRyuu

            Oh right you’re a mod now. So what? it may encourage some discussion, I’d like to know why he isnt interested? After all the more people are interested the more interesting games I get to play. I see people having preconceptions or premature decisions, Especially when someone comes in and says they dont like Nintendo games(which is fine), but I have no clue what that means because they have so many bloody damn games. Seriously they’re are people who think Nintendo only has big games that include Mario or Zelda in the title.

          • Solomon_Kano

            That’s all fine and well, except your comment wasn’t the sort to stir any discussion. They said they couldn’t get into anything beyond Zelda and Pokemon and you told them they should play more Nintendo games. That statement assumes they haven’t played more and simply didn’t care for them, which is an assumption you can’t make.

            I’ve got no problem if you’d like to dig deeper, but that’s not the way to do it. You could ask the poster why they dislike Nintendo’s other games, you could name some other Nintendo games you think they may like if they enjoyed those titles, or any number of other things, but telling them they “should play more” just doesn’t look good.

          • Laer_HeiSeiRyuu

            He’s making a blanketed statement, I think he has played more, but if he can dismiss a vast majority of the wide array of the games I’d very well like to know why.So I made a blanketed statement in return. Looking good be damned.

          • Solomon_Kano

            The difference is his “blanket statement” is an opinion only he knows the specifics of and your blanket statement is an assumption. You needn’t be interested in looking good, fair enough, but you also needn’t make assumptions about other posters to “encourage” discussion. So find another way.

          • Laer_HeiSeiRyuu

            Kay then sweet pea.

          • M’iau M’iaut

            Solomon’s only purpose was to explain how things could have been presented better. He serves the same duty in the community Ishaan and I do. Leave the asides somewhere else. Thanks.

          • Laer_HeiSeiRyuu

            You’re Welcome.Im well aware of his purpose.

            But I have no clue what you just said(asides what?). And If Im being frank his presentation could have been better as well. He was assuming about my assumption being placed in someone else assumption about assuming how someone thinks. Because we all know erry’body done like assuming about making asses out of you and me. But I get the point, we’ve both said what we had to say anyway.

          • Solomon_Kano

            Glad you finally understand.

          • Laer_HeiSeiRyuu

            Like always cracka jack. Or are you a philly steak… hmm.

    • J_Joestar

      there is still a difference though, FE:A failing would not have meant IS would get closed down, Nintendo would have just shelved the FE brand and had them go to work on a different game instead. FE isn’t the only thing Intelligent Systems can make.

    • puchinri

      Teams at Nintendo have been used to having pressure put on them for years for any number and variety of products. I think it’s fine the way it is~. It’s probably better actually, because at the end of the day, they’ve had all that pressure put on them and then come out with a great product that gets plenty of love and sales, and that’s just fulfilling. It’s not a bad cycle. (Could probably be less stressful though, lol.)

      • Laer_HeiSeiRyuu

        Monolith Soft would disagree

        • puchinri

          Oh? Can you give me some context~? I don’t know if there’s something I’m forgetting or something I haven’t heard yet.

          I was thinking back to articles talking about certain teams on LoZ (and FE) and things. I didn’t consider Monolith Soft at all.

          • Laer_HeiSeiRyuu

            Go look at the new article on the site,I should also mention Alpha Dream

          • Laer_HeiSeiRyuu

            Go look at the new article on the site,I should also mention Alpha Dream

  • ShadowDivz

    Translation: We at nintendo, don’t leave our men behind! Not as long as im running this show!

    *wipes away tear*

  • l777l

    I sincerely doubt employees who fear that they may be laid off will be able to develop software titles that could impress people around the world.”
    Quotable.

  • SetzerGabbiani

    Restructuring (laying people off) is the easy way out. The quality of Nintendo’s games would suffer severely if Iwata were to be easily swayed by investors. Iwata knows what he’s doing and is the right man for the job.

    On a related note, I like Costco’s CEO Craig Jelinek for similar reasons.

    • Laer_HeiSeiRyuu

      The previous CEO there was cray

      • neo_firenze

        Costco’s? If you’re talking about Jim Sinegal, who retired, I hope you mean “crazy” as in “very different from most terrible CEOs”. Guy was pretty great, and I can speak from some personal knowledge. I worked in the Costco corporate HQ (in Issaquah, WA, outside Seattle) for several months in a temporary job while Sinegal was the CEO. Dude was really down to earth and nice, people working there really seemed to like their jobs, and everything I’ve read of him doing or saying seemed pretty reasonable. I even got his Mariners-Yankees tickets one night :)

        • Laer_HeiSeiRyuu

          Yep(I’ve met him before)

  • https://twitter.com/Ni_Go_Zero_Ichi Project 2501

    Iwata is like a character who would be introduced to The Wire specifically to be screwed over.

    • EverEndingStory

      He’s like Ned Stark in Game of Thrones.

      Though, hopefully not.

      • https://twitter.com/Ni_Go_Zero_Ichi Project 2501

        Japanese business practices be hardcore, yo.

      • Göran Isacson

        Ha ha oh yes, please don’t drag Sean Beans curse over Iwata. That would make me sad.

  • https://twitter.com/Ni_Go_Zero_Ichi Project 2501

    Seriously though, Iwata is such a class act I keep worrying that he’s being set up for a tragic downfall just to make a point about trying to do the right thing in a ruthless system.

    • Göran Isacson

      Then this will hopefully be one of the few times when I shall pray for reality to NOT be run according to narrative law.

  • Solomon_Kano

    This man is amazing. He really is.

  • http://LevelUpGeneration.blogspot.com/ KALiverin

    I’ll never understand why people want Nintendo to fail so badly. They obviously aren’t perfect. No company is. Maybe they don’t make the most original games anymore. And if people have no interest in their games anymore, that’s 100% okay with me.

    But nobody, and I mean nobody, can argue that these guys don’t work hard at their jobs and don’t have a lot of passion for their work, something that seems to be increasingly lost among our modern AAA development cycles. And there are actually people out there who claim that the people, those who are responsible for keeping the engine running at Nintendo, should be fired to increase short-term profits?

    I just wish people would quit looking at Nintendo as an irrelevant little shrimp going up against the big boys and instead look at them as a company that just has a different vision for gaming. I actually appreciate their hardware far more than anybody else does. They’re actually different enough to give me some incentive to buy them rather than just sticking with one console the whole generation. Graphics and raw power matter to some people, but it’s completely irrelevant to me. You didn’t need 8 GBs of RAM to make Chrono Trigger or Final Fantasy IV. I’m not saying I have no interest in PS4, but I am saying that people vastly overestimate graphical power.

    So end rant, these investors really need to F off. It’s extremely disrespectful to fire people who have done nothing wrong just to increase profits temporarily.

    • Laer_HeiSeiRyuu

      M&L Dream Team speaks for itself

    • Minos

      Haters secretly want Nintendo to fail so they can play Nintendo’s IP’s on its competitors.

      • http://LevelUpGeneration.blogspot.com/ KALiverin

        Oh I know. It must suck to be too poor to buy more than one system each generation.

        • Rytan

          It does, which is why I stick with Nintendo. In the long run, they are the cheapest and most fun.

          • http://LevelUpGeneration.blogspot.com/ KALiverin

            It’s cool, though I usually buy Playstation products as well because they have unique games you can’t find anywhere else. I got a PS3 for games like Valkyria Chronicles and it was totally worth it. Though I bought my PS3 for pretty cheap actually.

          • Rytan

            Mmhm! I actually would like a PS3 eventually, since I have no interest in the next gen and there’s a few titles I’d actually like to play now. Mostly just JRPGs and Platinum Games’ output, though.

          • TrevHead

            PC and one console is the savior of us poor ppl.

            For the moment its the 360 (gotta play those CAVE shmups) & PC for me but in around 6 months it’ll be worth getting a WiiU.

          • Laer_HeiSeiRyuu

            Its worth to get a WiiU now.

          • Solomon_Kano

            In your opinion, but clearly not in theirs.

          • Laer_HeiSeiRyuu

            Their *own* Speak properly mate.
            (You could wait until winter but there will be different bundles and the cheapest will still be 300$ with more crap in the box (I dont see them cutting the price this year, next year yes) There is a lot out on the system currently, and much more coming, how do you expect to afford it all?

          • Solomon_Kano

            http://dictionary.reference.com/browse/theirs

            On topic, the point is, that’s your opinion. If they don’t feel it’s worth it to get a Wii U now, that’s how they feel. That’s not the kind of thing you can rebut, it’s their personal opinion.

          • TrevHead

            PC and one console is the savior of us poor ppl.

            For the moment its the 360 (gotta play those CAVE shmups) & PC for me but in around 6 months it’ll be worth getting a WiiU.

    • TrevHead

      They want Nintendo games without buying Nintendo hardware.

      Even though that would destroy Nintendo over the long term just like SEGA

    • randominternetperson

      ” but I am saying that people vastly overestimate graphical power.”
      Sure it’s not all about graphical powers, but at least make a stable console then. I’ve been playing MH3U on WiiU AND 3DS, both of them have terrible frame rates. Especially in Multiplayer. A lot of the details on the armor/weapon is heavily blurred. I wouldn’t even consider it as a step up from the Wii.

      • Kevin Tan

        That would probably be the responsibility of Capcom, not Nintendo.

        • Haseyo

          Indeed. It’s far superior than what it was on any previous console. Online yeah, still a little skip here and there but I’ve had no problem with framerate on 3DS.

          • randominternetperson

            Really? The game definitely have framerate drops. They even patched the 3DS to improve it. I’m not even talking about Online, offline 2 players. Google MH3U framerate drops and you’d definitely find people who will back up my claim.

      • Vile-Okami

        MH3U is an upgraded Tri from the Wii, the only real graphical update they did was the monsters themselves.

      • zeta

        terrible frame rate? where? how long have you been playing this?

  • http://wiredjungle.wordpress.com/ DrakosAmatras

    I guess Nintendo prefers to maintain a stable status quo as much as possible; ignoring the pros and cons for a moment, it does fit them.

  • https://twitter.com/BinksFrost Binks5

    This man took a 50% paycut when the 3ds was failing and refuses to lay-off employees for a short term fix, people then proceed to insult and make fun of him, meanwhile all sony does is smack microsoft in the face and people foam at the mouth, simply for maintaining the status quo.
    Don’t get me wrong I like sony but we really do throw praise to companies for the wrong reasons.
    Nintendo going against the flow might hurt them short term but hopefully they will see results in long term but even if they don’t at least people will remember and respect them when they are gone

    • puchinri

      I think that’s one of the most saddening and disappointing things I notice in the mentality of a lot of gamers now. Aside from general taste/preference, some people don’t have an inkling of respect (or any care) for good practices or a healthy mentality towards how some of the companies handle their business.

      It’s one thing to not like/prefer Nintendo, it’s another matter entirely to wish them to fail (for not particularly valid reasons) and another at that to crap on the head for no real reason, especially given the way times are now for us.

      • https://twitter.com/BinksFrost Binks5

        Agreed, as gamers we should give companies respect where its due and call them when they do something that just isn’t right, rather then just wishing ill on anyone just because we feel the need to pick a side

  • Aoshi00

    What’s w/ the bananas, like “We’re all in this together” :)?

    Definitely a good call, you don’t work well in a company seeing your colleagues getting fired everyday and asking if you could be the next.. Letting people w/ talent go is even worse for business it’s a vicious cycle..

    Though a lot of big companies do hire a lot of freeloaders who don’t contribute much, reminds me of the scene from “Office Space” when people are getting called inside a room and asked to explain what they do for the company lol.. I don’t think Nintendo is one of them though.. but from my experience, a lot of people who work hard aren’t rewarded and the useless ones are never fired.

    Good for Nintendo and Iwata who understands the need to keep up the company morale, you want to give employees hope and encouragement, not despair.

    • zeta

      banana = minions!

  • MogCakes

    Gotta love Ninty for sticking together when times are tough. Thank Iwata they aren’t buckling to investors like so many companies seem to do.

  • SirRichard

    It’s really uplifting to see a company’s CEO stick to his guns and refuse to cut staff just because it’d free up more money, when every other day news of massive layoffs, financial failure despite a slew of million-sellers and the closing of studios and branches to cut costs comes out from yet another company.

    Never change, Iwata, you wonderful man.

    • Laer_HeiSeiRyuu

      Looks like someone found their wonderwall

  • TrevHead

    I thought at the E3 that Nintendo announced they will be growing to meet the demands of WiiU development?

    It would be strange to start axing staff when they need them the most.

  • lozffvii

    Iwata-san, can I have a job, please?

  • Hau To

    Reading this topic brought my eyes to a watering state. I am truly moved.

  • puchinri

    Thank you, Iwata. He understands/knows that they do have highs and lows and that they’re inevitable, and I’m glad he isn’t “punishing” any of their workers for it. He knows what he’s doing~.

  • Göran Isacson

    One the one hand, I’ve often read that a problem in japanese business is that employees stay on for WAY too long and don’t get fired even when they perform badly simply because they’ve got seniority or because Japanese business culture is loath to pull stunts like that, and it can result in people staying in companys even if they’re hurting a company.

    On the other hand, after reading about all the lay-offs in other companies, reading on how so many companies are only too happy to chase short-term profits and treat their employees like dirt they ocassionally need to write code? This statement warms the cockles of my heart and makes me want to make Good Guy Nintendo meme-images all night long. Cynicism firmly put aside for now, standing ovation for Nintendo.

    • puchinri

      I suppose it would also depend on what particular fields this occurs the most in Japan and how it reflects within each industry (does it happen as often in gaming and if so, are there any patterns?).

      That is a pretty good point, and looking at some specific companies over these last few years, it certainly makes me wonder how well the gaming industry in Japan fits or deviates too harshly from that even. In the end, I don’t feel Nintendo would fall under that though, as much as that’s probably just my own optimism and wishful thinking.

      • Göran Isacson

        Mmm, I can’t say if Nintendo does treat their employees well or if they also do the whole “keep someone on WAY the heck too long”… but at least I can say that, judging from this statement, they treat their employees WAY better than Capcom. Hey there Ono and your heart attacks…

    • Laer_HeiSeiRyuu

      Im glad they got rid of the top team working at NoA and had Iwata come in

      • Göran Isacson

        Oh, they did? Can’t say I remember that, unfortunately- who were the old top team, and what did they do to get fired?

        • Laer_HeiSeiRyuu

          Bunch of older people who were taking their time with NoA so they went and Iwata took on the role of learning about “Murica’s needs

  • Elvick

    $50 says if they were doing worse, then he’d sing a different tune. But since they’re capable at the moment to keep these people, then he says this to get good will.

    Good PR there Nintendo. Better than the terrible PR excuse you gave for using region lock.

  • 60hz

    who says there are no more heroes!

    • kool_cid414

      they did….twice lol

  • ShawnOtakuSomething

    Nintendo truly leave luck to heaven.

  • Yan Zhao

    Respect. Laying off sucks. Now hurry up and release a new Zelda game so I can finally support you by buying a Wii U.

    • Laer_HeiSeiRyuu

      Hmm you sound like part of the problem. Shut up and buy Pikmin 3 & TW101

  • Romancer Ecclesia

    but but… the WiiU… >_<
    also, it makes me wonder whether he is able to say this because they're financially stable and don't need to make ends meet like other smaller gaming companies?

    • Laer_HeiSeiRyuu

      Probably because they manage their money well.

      • William Cole

        They’ve got so much money I don’t think they even know how to manage it.

  • Nitraion

    So “Power” each companies is like this:

    -Nintendo: Software

    -Sony/PC: Hardware

    -M$ : Money

    Edit: I mean devices

  • William Cole

    Nintendo has the money to do stuff like that. They’ve got it like that. Do you know how much money they made during the Wii and DS era combined. That was probably the most profitable time for any game company ever. Over 200 million sales combined along with all of that software. So they have the cash to keep valued employees. Nintendo can’t always lose, Media.

    • Laer_HeiSeiRyuu
      • Tylor Boreas Makimoto

        What exactly is that chart? Total profit per year, or is it year on year stats?

        • SirRichard

          It’s the earnings year on year from their financial reports, only starting from the year they entered the market. I’m not sure if it’s specifically just the game divisions and branches from Sony and MS, but I’d assume so.

      • William Cole

        And what people don’t understand is that this is truly what matters. Not how bad somebody dogs out a console, that won’t make a freaking matter in the world. People talk bad about Nintendo all they want but Nintendo ain’t going nowhere for a while. The media never shows stuff like this because they know it would crush the hearts of many fanboys. If you don’t have the money to back your system then you are going to exit real soon and that is what befell giants like Sega. Thanks for posting this, now post it to the world or better yet… VGchartz.

        • Laer_HeiSeiRyuu

          The latest investors meeting was full of win

          • William Cole

            I bet it was. I guess this is what happens to you when you have a lot of money. Whenever something or someone gets so popular and wealthy someone will always be jealous and want to take them or it out. Sadly, Nintendo won’t go down that easy.

  • Follower_of_Pram

    Gonna be a little pessimistic and hope they aren’t going to be skimming the employees indoor needs rather than the employees themselves. At any rate, I applaud their stance on lay offs when ya consider the business norm. It is just a shame, there isn’t enough games “I enjoy” to warrant buying their consoles. My apologies for my quirky tastes Nintendo! ‘^’

  • Namuro

    Wow, I have nothing else to say here. I’ve just been giving vote ups to other members like crazy.

    Much respect to you, Iwata-san! m(_ _)m

  • http://guillotineghosties.tumblr.com Ghosties

    It’s nice to know that even in hard times, Iwata is keeping the well being and morale of their employees in mind.
    Major kudos to him for not being a corporate asshole like so many of the CEOs/executives in the western gaming industry.

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