From EA to Microsoft, Epic, Unity, and heck even Amazon at this point. All three of them have at least 1 thing in common, over the past few months, they all have experienced MAJOR layoffs.
Hundreds to thousands of employees are losing their jobs because these companies can’t afford to pay them.
My question is… why? These are all billionaire studios with massive money incomes, and tons of new releases. Why are they collapsing into the ground?
1·1 year ago- The pandemic pushed people to buy games in order to pass the time, so MANY devs hired more people to produce more titles.
- Many of these titles are live-service games, again to help people pass the time.
- The world mostly recovered from the pandemic, so those new gamers went back to their usual non-gaming routines.
- Inflaiton hit and people cancelled their live-service subscriptions, be for game or streaming.
- This led to less demands and less sales.
- Studios now have more people than projects, and less money.
- CEOs are still greedy, laying off staff despite games being “the fastest-sellling game on the franchise/wekk/month”.