China Financial Daily

January 31, 2009

NEXON layoffs, SAP layoffs

Filed under: Financial News — Tags: , — Nancy @ 10:39 pm -0800

Korea NEXON North American studios began to lay off and apply for the closure
According to overseas website Kotaku report, the South Korean company NEXON game development studios in North America NPNA fired more than 90 employees and began to apply for the closure. This layoff may be influenced by the organization and structural adjustment of the company headquarters Korea NEXON and the layoffs of Microsoft, EA, and Sony in the worldwide IT industry.

The world’s largest business software maker SAP plans to lay off 3,000 people
The world’s largest supplier of business software German SAP on January 28 said that as a result of decreased demand for software, the company would lay off 3,000 people this year, which accounted for about 6% of the total number of staff. SAP said that although layoff cost would produce a negative impact on profit margins this year, it would save about 350 million euros for SAP every year since 2010.

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