NCSoft "Reviewing Various Measures for Management Efficiency"
NCSoft recently addressed rumors of a spin-off, stating on the 10th, "We are reviewing various measures for management and cost efficiency, but no specific decisions have been made at this time."
They added, "If a decision is finalized, we will re-disclose the information within one month." This was the company's response to media reports claiming that the name of the new corporation to be established following the spin-off announcement would be 'NC BIT.'
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Earlier, Park Byung-moo, co-CEO of NCSoft, said during last month's earnings conference call, "As part of efforts to reduce fixed labor costs, we will implement voluntary resignations in May," and added, "Through the spin-off, we plan to reduce the number of headquarters employees to the mid-4,000 range by the end of this year."
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