paycut
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Nintendo bosses take big pay cuts in penance for Wii U failure
We don't really need numbers to tell us the Wii U's flopping, but figures released today quite clearly spell it out. Something's gotta give at Nintendo, and that something is head honcho Satoru Iwata's salary, and that of his chums. The AFP is reporting Iwata's paycheck is to be cut in half, which is the same reduction he took as recompense for poor early uptake of the 3DS, while several of his execs will see a 20 to 30 percent drop. Much like the frustration of Acer's top tier and their dwindling income, Iwata & Co.'s pay cut is only a temporary measure to claw back some cash, with things changing again in July when sentences have been served. Perhaps it's time for Nintendo to think about a move into mobile after all? There's money to be made from apps, or so we hear.
Sony freezes workers' salaries, others consider following suit
It's already laid off thousands of employees and undertaken a number of other drastic cost-cutting measures, but it looks like Sony isn't quite done with the belt tightening just yet, with the company now announcing that it'll be freezing workers' salaries for the financial year starting next month. As Reuters notes, Sony normally raises employee pay annually based on their role and performance, rather than seniority like many other Japanese companies, and this latest move follows some pay cuts to many of the very same affected workers, who've recently seen their wages drop by 10 to 20%. Not surprisingly, a number of other big Japanese technology companies including Toshiba, NEC and Hitachi are also said to be considering similar moves, but they don't seem to be quite ready to announce anything just yet.
