Nintendo of Korea has been struck by significant layoffs, a move that will result in their responsibility switch from a subsidiary to distributor.
That’s according to GameMeca, who report that Nintendo president Tatsumi Kimishima had reviewed the company’s regional branches and made the decision to downsize their operation in January.
It is speculated that the move was made in response to a lack of profitability, and will see their workforce reduced from approximately 60 employees down to just 10. Nintendo of Korea CEO Hiroyuki Fukuda will remain, who has appeared in regional Nintendo Direct broadcasts, but employees had been offered an early retirement program to help reduce their headcount conscientiously.
It is news that we don’t normally associate with Nintendo, with late president Satoru Iwata opting to halve his salary rather than risk job losses affecting staff morale.
The last time that I remember was when Nintendo of Europe closed their Großostheim headquarters, which saw 130 employees face redundancy when the subsidiary consolidated their workforce to Frankfurt.
[Thanks Kotaku]