Devsisters declares no-pay management for CEO and chairperson... offers voluntary retirement to all employees

Devsisters unveiled a sweeping restructuring plan in response to weak results and a tougher market.

Top executives, including the CEO and co-chairmen, will forgo pay, while executive compensation is being cut.

The company is freezing hiring, setting up a cost-management task force, and offering voluntary retirement across the company.

It will also review its IP and game businesses and push a shift toward AI-based operations to improve profitability.