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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."
In the video game industry, 2024 saw job losses that continued from 2023, including large cuts from Microsoft Gaming, Electronic Arts, and Sony Interactive Entertainment, with nearly 15,000 jobs cut through the entire year.
Statista, a global data and business intelligence platform founded in Germany in 2007, said in its latest report the global video games market is projected to generate $282.3 billion in 2024.
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."
For the first time in 15 years, the best-selling video game in the US was not a game from Activision or Rockstar Games. However, due to the NPD being unable to track Nintendo digital sales data, only physical sales are counted for The Legend of Zelda: Tears of the Kingdom . [ 44 ]
Download as PDF; Printable version; ... 2024–2025 SAG-AFTRA video game strike; V. 2023–2024 video game industry layoffs
The gaming industry is constantly evolving, and in 2020, it saw one of its greatest growth spurts ever. Forced to shelter in place due to the COVID-19 pandemic, people turned in droves to games of ...
The year 2024 was one for the history books, and 538's visual journalists and reporters were hard at work explaining the data behind the news with visualizations and interactives. From 538’s ...