Nintendo president reveals why he doesn’t believe in staff cuts

I wish more businesses would take the Nintendo approach. Thanks to RocketNews 24 for this post.

SoraNews24 -Japan News-

NES-controllerDuring a Q&A session at The 73rd Annual General Meeting of Shareholders, Nintendo President, Satoru Iwata, announced that he doesn’t believe in staff layoffs or downsizing during periods of economic difficulty. Particularly outside of Japan, it is not unusual for employees in the game industry to be faced with redundancies as part of business restructuring. However, while there are many possible reasons why a company may need to shed some weight, Mr. Iwata emphasised that he is strongly against such an approach.

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