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CD Projekt’s management will receive a $28 million bonus

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Rumored Sony Acquisition of CD Projekt RED Proven False: Here's the Truth

Last week, CD Projekt reported its financial results for 2020, announcing record sales ($562 million) and net profit ($303 million).

We have already talked about what analysts learned from this data: how Cyberpunk 2077 circulation turned out and how many customers returned the game.

The agency Wirtualne Media drew attention to another aspect: if a company has profits, how does this affect its employees? During the crucial period of Cyberpunk 2077, the studio counted 530 employees. At the end of 2020, the Warsaw branch alone employed 734 people, with another 107 and 43 in the Kraków and Wrocław branches respectively.

The increase in staff led to an increase in wages: they rose by 151% year-on-year. In total, the CD Projekt group has spent almost $64 million on its 1,177 employees, including those working at GOG and Spokko.

CD Projekt’s board members earned a total of just over $5 million, up from $3.6 million a year earlier. In addition, president Adam Kiczyński and vice presidents Marcin Iwinski and Piotr Niełubowicz each received about $6.5 million in bonuses.

Board members Adam Badowski and Michal Nowakowski each received $4.5 million in bonuses. Another $5.6 million went to other executives, but it is not clear how many people divided this fund.

It’s worth noting that the Cyberpunk 2077 debacle and the steep decline in the company’s stock led to a noticeable decline in the fortunes of its major holders. For example, Marcin Iwinski owns 12.15 million shares, previously valued at $1.5 billion and now at just $550 million.

The stake of the company’s co-founder Michal Kiczynski (10 million shares) fell from $ 1.2 billion to $ 450 million. The share of Pyotr Nelyubovich (6.13 million shares) is not $750 million, as previously, but only $280 million. Adam Kichinsky (3.32 million shares) used to be “worth” $400 million, now — only $150.

In the past year, the number of employees at CD Projekt Red and GOG.com has increased from 687 to 730, the support staff has grown from 175 to 177, and the staff in the publishing departments has increased from 194 employees to 229. Both companies are dominated by men: last year they accounted for 73% and two years earlier, 76%.

I enjoy playing games, and gaming is a passion of mine. Among my favorite games are Tears of the Kingdom, GTA, and Cyberpunk.

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