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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]
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.
In February, Disney announced a $1.5 billion investment in Fortnite game owner Epic Games. Netflix’s gaming library grew to 86 titles in 2023. The streaming giant looks to double it by adding 90 ...
This round of layoffs come after a brutal 14 months in the video game industry. Thousands of jobs were cut in the video game sector in 2023, with industry estimates suggesting roughly 6,500 video ...
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 experienced mass layoffs in the mid 2020s, peaking in January 2024. [1] Over 10,500 jobs were lost in 2023, and an additional 14,600 jobs were lost in 2024.
28th Japan Game Awards September 26, 2024 [4] 42nd Golden Joystick Awards November 21, 2024 [5] The Game Awards 2024 December 12, 2024 [6] 28th Annual D.I.C.E. Awards February 13, 2025 [7] 25th Game Developers Choice Awards March 19, 2025 [8] 21st British Academy Games Awards April 8, 2025 [9] Game of the Year: The Legend of Zelda: Tears of the ...
A WARN notice filed on May 7 details layoffs from Austin-based gaming company Arkane Studios where 96 employees no longer have jobs.. The company, which is owned by tech and gaming giant Microsoft ...