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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.
Post-layoffs, “they are still going to be spending more money and bigger budgets on a lot of their established franchises, but they are divesting out of a lot of the newer games and IPs.”
After Hurricane Katrina, Bungie was one of several game companies to announce its intention to help those affected by the hurricane, with Bungie donating the proceeds of special T-shirts to the American Red Cross; [106] [107] [108] after the 2010 Haiti earthquake, Bungie sold "Be a Hero" T-shirts and donated money to the Red Cross for every ...
The holiday season and company layoffs go hand in hand. As the holidays draw closer, companies are facing lower consumer confidence and are thus evaluating plans for the 2023 fiscal year. See: 95%...
Coach Outlet's holiday deals are still hot — shop purses under $100 AOL The best sales to shop today: You can still save big with 35% off Bissell's Little Green, 80% off Kate Spade and more
It seems the 2024 layoffs may be a continuation of layoffs in 2023. It depends on how sources describe it, but it may be worth expanding the scope to extend from 2023-2024 if sources consider it one event. Game industry layoffs may be a part of broader tech sector layoffs. I read some articles that described it as such. Consider exploring that ...
Luke Michael Smith is an American writer. He was a staff member at the video game development company Bungie, and is a former video games journalist.Smith wrote for a college newspaper and weekly papers in Michigan before being hired as one of the first new freelance writers for Kotaku.
In 2009, 2.10 million Americans experienced layoffs due to the housing market crash. At the start of the pandemic in 2020, 4.6 million people experienced job separation. In 2021, a staggering 17 ...