John David WrightFeb 10, 2023
Dare Obasanjo

Nintendo’s CEO recently said “If we reduce the number of employees for better short-term financial results, employee morale will decrease” and is instead doing the opposite by raising pay to address inflation.

Some leaders are built different.

https://www.gamespot.com/articles/nintendo-will-pay-its-workers-10-more/1100-6511268/

Nintendo Will Pay Its Workers 10% More

The move is meant to invest in the workforce and address inflation.

GameSpot
Feb 8, 2023 at 11:23amWeb
Show threadBrand_RFeb 8, 2023
@carnage4life whelp, guess its time to buy a Switch.
Show threadChristianFeb 8, 2023

@thebrand @carnage4life you, and everyone else 😉

It’s a win win though, since it’s an excellent piece of hardware supporting some of the best games out there!

Show threadTonyTrink1969 🏳️‍🌈Feb 8, 2023
@carnage4life I bet when the #MAGA crowd gets wind of this, they will start screaming about how #Woke Nintendo is. That would be very #OnBrand for them.
Show threadChristianFeb 8, 2023
@TonyTrink1969 @carnage4life sad but true.
Show threadTonyTrink1969 🏳️‍🌈Feb 8, 2023
@teachpaperless @carnage4life I mean they were just, last week, freaking out on X-Box for promoting the energy saver mode. 🙄 #MAGA are a complete clown show. 🤡
Show threadChristianFeb 8, 2023
@TonyTrink1969 @carnage4life yeah haha I saw that too. Crazy! 🤪
Show threadJonathan CreminFeb 8, 2023
@carnage4life The price of their AAA titles look like they're going up by 15% too, with the price of the new Zelda game expected to be $10 higher than the last.
Show threadChristianFeb 8, 2023
@jonathan @carnage4life it’s a trend after the last generation of consoles launched. Sadly!
Show threadJonathan CreminFeb 8, 2023
@teachpaperless @carnage4life the others justified it with a new generation of consoles. It'd be more palatable if I was paying $70 to play it on a Switch 2 ;_;
Show threadS.H. HarrisonFeb 8, 2023
@carnage4life Saw a post recently from a top MBA school (I know, I know) that said layoffs during tough times are the exact opposite of what your company SHOULD be doing, but CEOs do it because they assume everyone expects them to
Show threadAndyFeb 8, 2023
@carnage4life It’s interesting/odd that layoffs seem to mainly be hitting tech companies. Talk to people in other industries (construction, medicine, manufacturing, hospitality, etc.) and it seems like it’s the opposite problem: lots of open jobs and nobody to fill them.
Show threadK-ZO da SnowmanFeb 8, 2023
@carnage4life it's also cultural/legal. Japanese companies have to show that they did everything they could to keep employees, including CEO pay cuts, before being allowed to layoff employees.
Show threadsrgjpFeb 8, 2023
@carnage4life Okay. To fire employees is mostly never a good idea. But to raise salaries does in fact heat an inflation.
Show threadMichael WardFeb 10, 2023
@srgjp if discretionary consumer spending is the issue then sure . If it’s fundamentals such as food, fuel & energy costs driving inflation then all below inflation pay rises achieve is impoverishment of lower and middle earners. Most of the current inflation is ending up as fat profits for gas & oil companies. The energy markets are failing society.
Show threadsrgjpFeb 10, 2023
@michaelward Yes that's right of course. But this is mainly the problem of ethics and unfair behaviour. In fact, what dows it meen to rise salaries of employees? It means that the comany needs to rise prices as well, whereas customers need to pay more and no one has a profit from this. So we need to adress the real problems and not to try to throw some medicine on the symptoms.
Show threadNicolasFeb 10, 2023
@srgjp @carnage4life This is just a myth. Still looking for a proof…
Show threadBeeksFeb 8, 2023
@carnage4life Nintendo did something good for once? I'm quite honestly shocked but good for them.
Show threadDanielFeb 8, 2023

@carnage4life meanwhile Nintendo of America...

https://www.ign.com/articles/nintendo-america-contractors-full-time-complaints-report

Inside the Growing Discontent Behind Nintendo’s Fun Facade - IGN

In a special investigation, we dive deep into the current culture at Nintendo of America, where many employees are increasingly frustrated by treatment of contractors and lack of support amid growing demand.

IGN
Show threadMohit SindhwaniFeb 9, 2023

@danielg88 @carnage4life

It's always tickled me that Nintendo NA is headed by "Bowser" which is such a naming coincidence!

Show threadHamishH Feb 8, 2023
@carnage4life faith in humanity level instead by 2 points
Show threadHien NguyenFeb 8, 2023
@carnage4life I will gladly pay $70 for #botw #TearsoftheKingdom in May
Show threadUkloskFeb 8, 2023
@carnage4life By recently you mean 10 years ago, and by Nintendo's CEO you mean former Nintendo's CEO Satoru Iwata?
Show threadDuncanWatsonFeb 8, 2023
@carnage4life hmm, I should have followed my old VP to Nintendo.
Show threadNando161Feb 8, 2023
@carnage4life #eattherich
Show threadghostsheetzFeb 8, 2023
@carnage4life this is my favorite.
Show threadCodeByJeffFeb 8, 2023

@carnage4life I'd caution against giving too many karma points...

Japanese corporations and the Kishida govt have been locking horns over pay raises for some time now, while inflation is hurting the JP populace & Kishida's ratings are in the toilet

You can bet there were backroom trade offs behind this "altruism"

Show threadCodeByJeffFeb 8, 2023

@carnage4life Japanese business is very much a "see what everyone else is doing first"

I would bet there will be a couple more large corporation cases like this "negotiated" to get the ball rolling, then you'll see if everyone goes along with it

Show threadChris Alemany🇺🇦🇨🇦🇪🇸Feb 9, 2023
@carnage4life Now THAT is a reason to buy a Nintendo!
Show threadRachel MariaFeb 9, 2023
@carnage4life This sounds nice, but the environment is so linear the individual is forgotten, and never a factor in their reasoning. From a business standpoint I get that, but don’t pretend Nintendo is some benevolent company because you play their games, cuz they ain’t that.
Show threadVictoria McIntoshFeb 9, 2023
@carnage4life Nintendo was already getting so much of my money this year (Fire Emblem, Octopath 2, Tears of the Kingdom). This makes the choice that much easier.
Show threadMihirFeb 9, 2023
@carnage4life Nintendo is an entirely different company operating in its own shell and I wish they never change
Show threadkira :3Feb 9, 2023
@carnage4life iwata did things like this too. glad to see old Nintendo is still the way things work there
Show threadSamhain NightFeb 10, 2023

@carnage4life You would think this would be the obvious solution to anyone, and yet…

#IBlameHarvard

Show threadVoradams Feb 10, 2023
@carnage4life more importantly, being Japanese company, they are not under the same pressure as US companies to raise profits and cut costs that Wall Street demands.
Show threadVikram BhandariFeb 10, 2023
@carnage4life #Nintendo’s CEO has has/ her head on straight! 💚💚😎