TOKYO -- Social gaming operator Gree estimates it will cut fixed expenses by about 5 billion yen ($40.2 million) for the fiscal year ending June 2016 as it restructures overseas operations ailing from rising labor costs and a weak yen.
In the U.S., the Tokyo-based company cut jobs during the quarter ended in September, reducing the workforce to 180 from roughly 300. It also overhauled the management structure. A Japanese team now analyzes some of the customer usage data. The company expects to save around 1.5 billion yen in labor costs.
