Nintendo has actually cut over 300 jobs in Europe on heels of New 3DS reveal

Nintendo of Europe is cutting more jobs than it previously reported in June.

The company is laying off around 320 people in the European region (as first spotted by Kotaku). This comes as the Nintendo strives to cut costs following several quarters of losses due to sluggish sales of the Wii U home console and the 3DS portable. The company has plenty of cash, but it’s obviously doesn’t want to continue bleeding money while its reserve drops.