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A spokesperson for Microsoft declined to comment, but confirmed details in The Verge's report, including the contents of an internal memo sent by Microsoft’s game content and studios president ...
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 ...
While Microsoft’s layoffs will result in a $1.2 billion charge, equal to about $ -0.12 per share, Ives says the move was prudent. “I view it as a proactive, smart move that we’re going to ...
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]
An estimated one-third of developers surveyed in 2020 by the GDC stated that COVID-19 caused a delay of the games they were working on, a combination of the pandemic and the remote working conditions. [134] By 2021, this had increased to 44% by 2021 in a subsequent GDC survey. [135] Some games that were delayed included:
The most read story on the site this week was, once again, unfortunately, about layoffs — this time at Microsoft. Lofi Girl gets taken down: YouTube still hasn't figured out its issues with ...
The COVID-19 pandemic highlighted the phenomenon of misinformation on social media, often referred to as an "infodemic." Platforms like Twitter and YouTube provided direct access to content, making users susceptible to rumors and unreliable information that could significantly impact individual behaviors and undermine collective efforts against ...
Microsoft’s layoffs have been among the most high-profile, given the number of people impacted and the company’s prominent standing, but it’s hardly the only gamemaker struggling today.