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The layoffs hitting the gaming industry are largely the result of a handful of trends coalescing. The chief overarching issue comes down to publishers and developers overspending throughout 2021 ...
The video game industry layoffs are a part of the broader tech industry layoffs that began in 2023; [17] many such layoffs have been attributed to artificial intelligence, [18] although increased interest rates, reduced demand from consumers and excessive hiring during the COVID-19 pandemic have also been cited as causes. [17]
The media and entertainment industry's reckoning will continue in 2024 with more layoffs underway. Media layoffs: Google, Paramount, Disney, and others commit to job cuts in 2024 [Video] Skip to ...
The COVID-era spending spree is over. And the tech layoffs keep coming. Amazon is eliminating several hundred roles across Prime Video and MGM Studios, according to a memo sent to staff on Wednesday.
Towards the end of 2023 and continuing into 2024, the video game industry saw a large number of layoffs, with over 10,000 jobs lost in 2023 and at least 8,000 in 2024 by February 2024. While other factors contributed to the layoffs, such as previous acquisitions and mergers that came after 2021, the return to normalcy after COVID changed the ...
It seems the 2024 layoffs may be a continuation of layoffs in 2023. It depends on how sources describe it, but it may be worth expanding the scope to extend from 2023-2024 if sources consider it one event. Game industry layoffs may be a part of broader tech sector layoffs. I read some articles that described it as such. Consider exploring that ...
Economic data releases and earnings Snap ( SNAP ) on Monday became the latest tech company to announce layoffs , cutting 10% of its staff "to ensure we have the capacity to invest incrementally to ...
The tech world is downsizing in a big way, with major players like Amazon, Meta and Twitter either announcing or planning tens of thousands of layoffs amid a slowdown in sales and traffic. See ...