I think you have to look at the converse for why they're stable. Even when things are going really well, Nintendo grows very slowly. They don't take large ris

I think you have to look at the converse for why they're stable. Even when things are going really well, Nintendo grows very slowly. They don't take large risks outside their core business. Sounds like they believe they're in a position of having the right employees and working on right things, but at the wrong time for market conditions. A lot of the companies doing layoffs have large risky divisions that they don't believe in.