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IGN: A Year in the Life of a Japanese Nintendo Company

July 7, 2021 Comments Off on IGN: A Year in the Life of a Japanese Nintendo Company By admin

Posted February 24, 2020 15:01:22 A year ago today, Nintendo announced it was closing its corporate headquarters in Japan, and would lay off 8,500 employees.

The announcement came in conjunction with a second quarter earnings report, which showed the company was losing $3.7 billion in the third quarter.

Nintendo CEO Satoru Iwata, who led the company to success with the original Wii, is leaving the company after 11 years in the role.

It will be interesting to see if Iwata’s departure will affect the Nintendo Switch, which was announced as a new console but is in fact a completely different beast.

The Switch, officially codenamed NX, will launch sometime in 2020.