Following the news of Nintendo’s revised profit estimates earlier this month, things were already looking abysmal for the company. A report from AFP published today confirms the notions of the Wii U’s poor performance over the holidays. As a result, Satoru Iwata is taking a 50% pay cut over the next five months.
Iwata isn’t the only one experiencing a cut, Siliconera reports that Genyo Takeda and Shigeru Miyamoto will take 30% cuts and the remaining directors at Nintendo are having their salaries cut by 20%.
As of right now, it is unclear whether Nintendo will be able to turn the fate of the Wii U around. Hopefully the release of blockbuster games like Super Smash Bros. will spur sales but things are looking grim at the moment.