The tech industry is facing a tough time with enormous layoffs occuring at Amazon, Dell, Facebook, Google, and Microsoft. The video game industry has not been immune. While tech products and services were in massive demand during the height of the pandemic, and revenues soared as people around the world faced lockdown measures, and duly bought computers and accessories to begin working from home, or to entertain themselves with video games or streaming services, these companies grew fatter with the extra revenue.
But now as lockdown measures have eased and inflationary forces have driven up the cost of living, multiple games companies report lower demand and reduced revenue. These include Ubisoft, Take-Two Interactive, Square Enix, while Xbox studios have seen layoffs and cost-cutting measures. But one games giant, despite lower sales, appears to be bucking the trend.
Nintendo may have reported a 23 percent sales drop of its Switch console in its latest financial report, which is a substantial decrease from the same period last year, but the Kyoto-based company is still planning on implementing a 10 percent pay rise for its employees it told investors today.
Sure but anyone who works in the games industry knows Nintendo pays the lowest of the big three, with MS paying the most.
So it’s payrises that likely result in them still earning less than their counterparts at Sony and MS.
Amazon, Google, Apple and MS all over hired due to the pandemic boom.
Well done Nintendo