13 Jun

Nintendo is planning to reduce employee summer bonuses by 20% across the board, according to Japanese newspaper Nikkei (via Reuters). The company had posted its first annual loss this past April, at ¥43.2 billion (approx. $532 million), compared with last year’s ¥77.6 billion (approx. $956 million) in profits. The company had similarly slashed executive pay following a reduction in its financial forecast.

(via Gamasutra)