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Embracer Group made multiple layoffs, game cancellations, and studio closures between August 2023 and March 2024 after its $2 billion deal with Saudi Public Investment Fund fell apart. The company reportedly reduced its headcount by 7,761, closed or divested 44 internal and external studios, and decreased the number of game projects by 80.
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.
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.
The gaming industry is facing mass layoffs. ... then dropped to -3.3% in 2022 and -3.1% in 2023. PC and Mac game sales climbed again in 2021 by 8.7%, but growth collapsed by 1.4% in 2022 before a ...
Layoffs.fyi, a website that dutifully tracks job cutting, shows that 263,000 tech employees were cut in 2023 alone. Only 11 days into 2024, there have been 24 tech companies that have laid off a ...
The media and entertainment industry's reckoning will continue in 2024 with more layoffs underway. ... a year since its May 2023 launch. ... sweeping layoffs on Jan. 23 that eliminated the jobs of ...
On October 18, 2022, NetherRealm announced that they are working on Mortal Kombat: Onslaught, a cinematic collection role-playing mobile game that will be released in 2023. [ 17 ] [ 18 ] In July 2024, it was reported that the studio's mobile gaming division was shut down and at least 50 employees were laid off.
Microsoft recently announced that it was laying off 10,000 workers to trim costs. On the same day, Amazon began its wave of 18,000 job cuts. Other tech companies -- including Meta, Salesforce ...