Thanks to an extremely slow fiscal recovery underway in the U.S. and a recession in Japan, we’ve unfortunatley seen more widespread layoffs and game development studios being shut down in the wake of fiscal hardship.
While speaking to a group of investors at an annual meeting, Nintendo President Satoru Iwata said the prominent Japanese company will not let go of its employees just because the money’s been tight.
“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,” Iwata said. “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.”
With the Wii U finding it hard to get a strong foothold in the market, Nintendo has had some amount of difficulty despite strong 3DS sales.
“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.”
Iwata later said that the company’s employees “make valuable contributions” in their respective fields,” making the act of firing any of them more of a detriment to the company than anything else.