[Japan] Nintendo raises employee base salary 10% for talent retention

In Japan, the games giant Nintendo has raised employee salaries by 10% to retain talent, according to a live translation of a Q&A session with shareholders, DayOne reports.

Against the backdrop of rising tech and gaming layoffs and studio closures, this is some rare positive news for the gaming industry.

Twitter user @Nstyles reportedly live-tweeted notes from the Kyoto-based company’s shareholder Q&A meeting. They revealed Nintendo President Shuntaro Furukawa advising shareholders that Nintendo had increased its employee base salary by 10 per cent, in a bid to ensure talent retention.

A translation of Shuntaro Furukawa’s announcement read, “We maintain salaries at an appropriate level. We believe it is important to ensure that compensation remains at an appropriate standard. For example, we have increased pay, including raising base salaries by 10%.”

Source: DayOne

(Link and quote via original reporting)

In Japan, the games giant Nintendo has raised employee salaries by 10% to retain talent, according to a live translation of a Q&A session with shareholders, DayOne reports.

Against the backdrop of rising tech and gaming layoffs and studio closures, this is some rare positive news for the gaming industry.

Twitter user @Nstyles reportedly live-tweeted notes from the Kyoto-based company’s shareholder Q&A meeting. They revealed Nintendo President Shuntaro Furukawa advising shareholders that Nintendo had increased its employee base salary by 10 per cent, in a bid to ensure talent retention.

A translation of Shuntaro Furukawa’s announcement read, “We maintain salaries at an appropriate level. We believe it is important to ensure that compensation remains at an appropriate standard. For example, we have increased pay, including raising base salaries by 10%.”

Source: DayOne

(Link and quote via original reporting)