NCsoft is cutting 20% of its North American subsidiary NCWEST employees.

NCsoft is cutting 20% of its North American subsidiary NCWEST employees.: COMPANY / Reporter Paul Lee / 2023-02-06 03:57:31

This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology

[Alpha Biz=(Chicago) Reporter Paul Lee] NCsoft has started restructuring its overseas subsidiaries following South Korea. Following a 20% reduction in NC West's workforce, the CEO recently left the company.

According to Venturebit and other foreign media on the 3rd, NC West fired about 20% of its total workforce on the 1st. The number of people has been reduced mainly by non-development personnel. Jeffrey Anderson, the CEO of NCWest since 2021, also resigned.

NC West's restructuring is interpreted as a decision to reduce labor costs in response to the macroeconomic downturn. Global big tech such as Twitter, Microsoft, Google and Meta are also undergoing a series of major restructurings.

NC West is estimated to have turned into a deficit with a cumulative operating loss of 17 billion won by the third quarter of last year in North America.