*Namco Bandai posts huge losses, fires 10% of its staff
[ x ] remove ads and scale site to 1080p+
[ x ] remove the ads & get mobile premium
pay whatever you want to upgrade
 
 

Namco Bandai posts huge losses, fires 10% of its staff

2:00 PM on 02.02.2010  ·  Jim Sterling@JimSterling
0

Looks like charging obscene amounts of money for terrible downloadable content didn't work out so well. 

Namco Bandai has recorded a massive loss of ¥11.7bn (£81.3m / $129.5m) over the nine months ending December 31, after last year recording a profit of ¥9.01 billion (£62.3m / $99.4m). Net sales are down 10.4%, and operating income is down 76.3%. 

Even worse is the announcement that Namco will be firing 10% of its workforce, with estimated layoffs numbering 630. The round of firings will be part of a "Group Restart Plan" instigated by Namco Bandai to react to its slipping position. 

So yeah, good times are not to be found at Namco's offices today. I'd show some sympathy, but when these guys stop trying to pass off on-disc content and in-game currency as DLC items, I'll demonstrate a little remorse. 

Namco Bandai to cut 10% of workforce [GI.biz]

 
 

Enlighten an uninformed cougar: FacebookTwitterRedditEmail
 

#FAIL #layoffs #Namco Bandai #The almighty dollar
 
 
 
[x] advertisement
 
 


Jim SterlingFormer Reviews Editor // Profile & Disclosures
Fronts12537Blogs 194Following42Followers1559

Destructoid reviews editor, responsible for running and maintaining the cutting edge videogame critique that people ignore because all they want to see are the scores at the end. Also a regular f... more
Trending on Destructoid:

 
 


Join the robot army! We're a family-owned site, updating multiple times a day (since 2006!) thanks to our Huge Members

TheBlondeBass
TheBlondeBass


Since 11:32 PM on 12.03.2015

janeko
janeko


Since 10:01 AM on 04.10.2010

Count Stabula
Count Stabula


Since 10:33 AM on 11.13.2008

User Avatar
CaptainDju


Since 7:24 AM on 04.08.2016

 

Please login (or) make a quick account (free)
to view and post comments.





Three day old threads are only visible to verified humans - this helps our small community management team stay on top of spam

Sorry for the extra step!