Rank the Presidents of Nintendo

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Doctor_MG said:

RolStoppable said:

Nobody was in danger of being laid off at Nintendo. The paycut that the board of directors took was a means to regain at least some goodwill from investors.

Iwata said this about layoffs back in 2013: "If we reduce the number of employees for better short-term financial results, employee morale will decrease, I sincerely doubt employees who fear that they may be laid off will be able to develop software titles that could impress people around the world. 

I know that some employers publicize their restructuring plan to improve their financial performance by letting a number of their employees go, but at Nintendo, employees make valuable contributions in their respective fields, so I believe that laying off a group of employees will not help to strengthen Nintendo's business in the long run."

So while they wouldn't announce that the pay cut was to avoid layoffs in general, it was clear that, at that point, to please investors it was an either/or scenario and they chose to reduce their pay. 

Not to mention, Iwata did this twice. Once in 2011 and again in 2014. 

Actually, it's a custom in Japan that the CEO takes a paycut when the company is doing worse. It had nothing to do with layoffs or lack of them. What Iwata is talking about to investors is that Nintendo isn't planning to downscale but to invest in the future - layoffs are out of the question.

When you're a CEO of a publicly traded company, in most parts of the world, sharing information is what you're legally required to do