Following a disappointing earnings forecast several key executive staff at Marvelous are set to see their wages cut.

Siliconera is reporting that the firm’s executive staff will take a 15 to 17 per cent cut in wages while those higher up the company’s corporate structure will face harsher measures.

Directors are said to be hit with a salary reduction ranging from 25 to 43 per cent while the company’s CEO will reduce his pay by 77 per cent.

Earlier this week it was reported that Marvelous Entertainment had sold its 50 per cent stake in Rising Star Games, citing lower than expected sales in the West and difficult market conditions as reasons behind the move. Marvelous sold its stake to Intergrow, a Japanese company that handles video, PC, and mobile phone games.