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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.
Bungie, Inc. is an American video game company based in Bellevue, Washington, and a subsidiary of Sony Interactive Entertainment.The company was established in May 1991 by Alex Seropian, who later brought in programmer Jason Jones after publishing Jones's game Minotaur: The Labyrinths of Crete.
Halo Studios (formerly 343 Industries) is an American video game developer located in Redmond, Washington, part of Xbox Game Studios.Headed by Pierre Hintze, the studio is responsible for the Halo series of military science fiction games, originally created and produced by Bungie, and is the developer of the Slipspace Engine.
The IOC discontinued the Mario & Sonic series after 17 years of partnership with Nintendo and Sega which started in 2007. [54] [55] 31 Bungie laid off 220 staff. [56] August 2 GameStop shuttered Game Informer after 33 years. [57] 7 Meta closed Ready at Dawn. [58] 11 Tango Gameworks was revived by Krafton. [59] 21–25 The 2024 Gamescom was held ...
Image credits: hawkssb04 #2. I worked at a large Call Centre, so Christmas parties were based on a team by team basis, so circa 18 people. This year, ours was held at a local pub /restaurant which ...
For other companies, the layoffs stemmed from the opportunity to boom during the pandemic. Peloton, which started its layoffs in February, has had to backpedal after its quick success, when gyms ...
Between December 2007 (when the recession officially began) and last month, more than 8 million Americans have lost their jobs, according to the government. Of those job losses, 700,000 stem from ...
The game made over $500 million in retail sales on the first day of release, setting a record for the biggest first day launch of a new gaming franchise. [49] On November 5, 2013, the company released Call of Duty: Ghosts, which was written by screenwriter Stephen Gaghan. [50] On its first release day the game sold $1 billion into retail. [49]