June 4, 2023
2019 11 22 111637

The industry continues to lay off workers, why does Nintendo Japan increase the salary of all employees by 10%? | Urban Tech Story

2019 11 22 111637

During the earnings press conference on the 8th, Nintendo President Shuntaro Furukawa announced that in order to cope with rising prices and ensure the stability of employees’ lives, starting from April, all Japanese employees, including full-time and part-time employees, will receive a 10% salary increase.

Fresh graduates who take up employment after April enjoy the same treatment, with the starting salary increased from 233,000 yen to 256,000 yen (approximately NT$58,500). The general environment is sluggish, and many companies are in danger of layoffs. Cutting projects and changing jobs have become the norm.

Sensor Tower reported last year that the global game market declined for the first time in seven years. On the 8th, Nintendo’s comprehensive financial report for the first three quarters of fiscal 2023 (April-December 2022) also showed that the overall turnover decreased by 1.9% year-on-year, and operating profit decreased by 13.1% year-on-year. With everyone in danger, Nintendo, one of the leaders in the industry, suddenly raised its salary. It is inevitable that it will be in sharp contrast with the outside world, and it will attract a lot of attention and discussion.

But Nintendo’s salary increase should be a last resort. Affected by the continuous depreciation of the yen, prices in Japan have risen severely. Even if it is a large company, Nintendo can’t stand alone. The salary increase is to retain employees as much as possible and tide over the difficulties together. It’s just that, as netizens said, there are many companies that raise wages in Japan, and it’s still unknown whether the salary increase can catch up with the price growth rate.

(This article is sponsored by game grapes Authorized to reprint; source of the first image:Nintendo

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Ewen Eagle

I am the founder of Urbantechstory, a Technology based blog. where you find all kinds of trending technology, gaming news, and much more.

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