Nintendo announced today, alongside their quarterly finance report, that they would be hiking their staff’s base pay by 10%, despite lowering their profit forecast and forecasted hardware and software sales for the fiscal year ending March 31, 2023. This base pay adjustment likely comes as a response to calls from Japanese Prime Minister Fumio Kushida to raise wages in order to keep up with inflation in Japan.
In the wake of several mass layoffs in the tech industry in the West, it’s nice to see a company stand behind its workforce, whatever the reason may be. Nintendo president Shuntaro Furukawa has also assured that the company does not plan on raising prices on hardware and software at this time, though they would consider it if circumstances demanded.
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