Report: Nintendo cuts staff bonuses by 20%

Nintendo is to cut its employees’ summer bonuses by 20 per cent after poor performance this year, according to a report.

Japanese business outlet Nikkei claims that the console giant has taken the action after declining demand for Wii hardware and software.

The decision to make cuts comes despite the Nintendo 3DS reportedly shifting more than 13.5 million units worldwide.

Executives at the company are also set to have their bonuses slashed, although it is not clear by how much.

In April Nintendo reported its first annual loss since entering the console market, posting a net loss of £329 million for the 12 months ending March 31st.

The console giant is expected to launch its Wii U console by the end of the year, which could help turn around the company’s poor recent financial performance.