Gamasutra is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
November 18, 2019
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

Square Enix Co., Ltd.
Square Enix Co., Ltd. — Tokyo, Japan
[11.17.19]

Experienced Game Developer
Bit Fry Game Studios, Inc.
Bit Fry Game Studios, Inc. — Portsmouth, New Hampshire, United States
[11.16.19]

Gameplay Engineer
Bit Fry Game Studios, Inc.
Bit Fry Game Studios, Inc. — Portsmouth, New Hampshire, United States
[11.16.19]

Game Network Engineer
Bit Fry Game Studios, Inc.
Bit Fry Game Studios, Inc. — Portsmouth, New Hampshire, United States
[11.16.19]

Backend Engineer









Loading Comments

loader image