Video Game Industry Layoffs 2024. 2023 was higher than 2022's estimated. The round of layoffs come after 14 brutal months in the video game industry.
February 16, 2024 at 9:00 am pst. Microsoft/xbox now joins a list of gaming companies that have implemented major cuts this month, which includes twitch, discord, riot games ( league of legends. The round of layoffs come after 14 brutal months in the video game industry.
Ongoing Layoffs In 2024 Due To Inflation, Interest Rates, And Rising Game Development Costs, Leading To A Need For Industry Sustainability.
Riot games is facing layoffs and downsizing due to financial challenges, with a focus on prioritizing their main games like league of legends and valorant. Sony will cut about 900 jobs in its playstation division, or about 8% of its global workforce, becoming the latest company in the technology.
Publisher Embracer Group Let At Least 900 Staff Go Across Its Many Studios, As Well As.
I mean, just this year at least 6,000 layoffs have been announced.
Video Game Industry Layoffs 2024 Images References:
Microsoft Laid Off 1,900 Staff After Its $69Bn Purchase Of Activision Blizzard.
2023 has been a difficult year for the industry, one marred by layoffs and studio closures affecting thousands of developers globally. Ongoing layoffs in 2024 due to inflation, interest rates, and rising game development costs, leading to a need for industry sustainability.
Thousands Of Jobs Were Cut In The Video Game Sector Last Year, With Industry Estimates.