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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 ...
Some media outlets compared the 2023-2024 layoffs to the video game crash of 1983, when the US video game market collapsed due to an oversaturation of poorly made, low-quality games, causing the video game industry to enter a recession for two years. This has sparked discussions about a potential "second video game crash."
Right now, gaming is barely growing as a category," outgoing CFO Michael Guthrie told Reuters. The overall video-game industry, in comparison, likely grew by 2.1% in 2024, according to research ...
The gaming industry is undergoing a serious hangover following its explosive growth during the pandemic. Both Microsoft ( MSFT ) and Sony ( SONY ) reported slowdowns in software sales and user ...
On July 26, 2024, SAG-AFTRA (Screen Actors Guild – American Federation of Television and Radio Artists) initiated a labor strike involving the union’s voice actors and motion capture artists against American video game companies signed to the union’s Interactive Media Agreements over failed renegotiation terms of the contract that had expired in November 2022.
January 10 – Jennell Jaquays, 67, tabletop and video game designer, with contributions for Dungeons & Dragons and at id Software. [66] February 1 – Carl Weathers, 76, actor, best known for portraying Apollo Creed in the Rocky films and providing voice work in Mercenaries: Playground of Destruction, Mortal Kombat X and The Artful Escape. [67]
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Recent game announcements: Beyond Good and Evil 2, Red Dead Redemption 2,Destiny 2; October 17: United Front Games was shut down. September 28: Ubisoft acquired Ketchapp. September 15—18: Tokyo Game Show was held.