Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
November 28, 2014
arrowPress Releases
November 28, 2014
PR Newswire
View All






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

Bigpoint GmbH
Bigpoint GmbH — Hamburg, Germany
[11.28.14]

Lead Game Designer (m/f) - Hamburg - 3344
Activision Publishing
Activision Publishing — Santa Monica, California, United States
[11.28.14]

Senior Systems Designer
Vicarious Visions / Activision
Vicarious Visions / Activision — Albany, New York, United States
[11.28.14]

Producer-Vicarious Visions
NEXON M
NEXON M — Oakland, California, United States
[11.27.14]

Server Engineer - NEXON M (mobile)









Loading Comments

loader image