Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
December 8, 2016
arrowPress Releases






If you enjoy reading this site, you might also want to check out these UBM Tech sites:


 Layoffs beat down NCsoft profits
Layoffs beat down NCsoft profits
August 8, 2012 | By Mike Rose

August 8, 2012 | By Mike Rose
Comments
    3 comments
More: Console/PC, Business/Marketing, Korea



Newsbrief: South Korean publisher NCsoft has posted its first losses since 2006, due to hefty one-off labor costs that came as a result of the company's restructing efforts during the quarter.

The company's labor costs surged by 27 percent quarter-over-quarter thanks to layoffs as it was left to pay huge severance packages. NCsoft also reported weak in-game item sales for a number of its titles, including 2009 MMORPG Aion.

For the quarter ended June 30, 2012, NCsoft posted revenues of 146.8 billion South Korean won ($129.8 million), down 12 percent compared to 166.8 billion South Korean won ($147.5 million) year-over-year, and losses of 7.3 billion South Korean won ($6.4 million), compared to profits of 41.4 billion South Korean won ($36.6 million) year-over-year.


Related Jobs

IndieBox
IndieBox — Orlando, Florida, United States
[12.08.16]

Director of Marketing
Sanzaru Games Inc.
Sanzaru Games Inc. — Foster City, California, United States
[12.08.16]

Texture Artist
Wargaming | BigWorld
Wargaming | BigWorld — Sydney, New South Wales, Australia
[12.07.16]

Senior C++ Software Engineers - Complex back-end server projects
Telltale Games
Telltale Games — San Rafael, California, United States
[12.07.16]

Character Artist









Loading Comments

loader image