Reducing the staff count may lower overheads but it also comes at a cost, Nintendo president Satoru Iwata has claimed.“If we reduce the number of employees for better short-term financial results 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,” the charismatic exec told investors.“I believe we can become profitable with the current business structure in consideration of exchange rate trends and popularisation of our platforms in the future.“We should of course cut unnecessary costs and pursue efficient business operations. I also know that some employers publicize their restructuring plan to improve their financial performance by letting a number of their employees go, 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.
via Iwata: Layoffs are not the answer to weakening Nintendo financials | Games industry news | MCV.
Iwata: Layoffs are not the answer to weakening Nintendo financials
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