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The former Nintendo president reduced his salary by half to avoid layoffs!

The former Nintendo president cut his salary in half to avoid layoffs

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CNBC published a new report about unusual behavior by CEOs in our time. The talk was about the former CEO of Nintendo, Saturo Iwata, who at one time reduced his salary by half to provide liquidity to pay employees’ salaries and avoid layoffs, believing that Nintendo, with all its workforce, would have better ability. To recover from the difficulties it went through during that period and talk here about the period that followed the release of the Wii U at the end of 2012.

Iwate said at the time that reducing the number of employees for the sake of improving short-term financial results only will frustrate employees and make them constantly worry about the possibility of being laid off next, which will affect their productivity and their ability to develop games that will impress players around the world.

There is no doubt that Iwata’s decision helped maintain the morale of the company’s developers, who after the disastrous performance of the Wii U gave us one of the best-selling devices in history along with the Nintendo Switch, which broke many records and had a unique library of games.

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