informa
/
1 MIN READ
News

Report: Marvelous Entertainment Seeks Voluntary Retirements

Harvest Moon publisher Marvelous Entertainment has reportedly asked for around 20 employees to accept a voluntary retirement package, as the company seeks to cut its head count by 17 percent in the face of expected losses of $13.3 million.
Harvest Moon publisher Marvelous Entertainment has reportedly asked for around 20 employees to accept a voluntary retirement package, aiming to reduce head count by 17 percent. In news translated by website Anime News Network, the company has offered a special severance package for any employee who wishes to apply between March 23rd and April 3rd. The retirements will come into effect on April 30th. Marvelous was forced to lower its full year estimates last month following lower-than-expected sales, and now expects to report a ¥1.31 billion ($13.3m) loss. The company has already cut employees’ compensation packages and bonuses, and canceled some public marketing events. Best known in the West for the Harvest Moon series and as the original Japanese publisher of No More Heroes, Marvelous also produces a range of anime and music products in its home country. The company also owns 51 percent of European publisher Rising Star Games and has a co-publishing deal with XSeed in the U.S.

Latest Jobs

Cryptic Studios

Remote
1.19.23
Senior Producer

Night School Studio

Los Angeles, CA, USA
1.09.23
Level Designer / Scripter, Games Studio

Fast Travel Games

Hybrid (Stockholm, Sweden)
1.09.23
Social Media / Community Manager
More Jobs   

CONNECT WITH US

Explore the
Subscribe to
Follow us

Game Developer Job Board

Game Developer Newsletter

@gamedevdotcom

Explore the

Game Developer Job Board

Browse open positions across the game industry or recruit new talent for your studio

Browse
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more