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Hi-Rez Studios is an American video game developer and publisher.The company was established in 2005 by Erez Goren and Todd Harris. Hi-Rez Studios' games include the squad-based shooter Global Agenda, the critically acclaimed Tribes: Ascend, the third-person MOBA Smite, the hero shooter Paladins, and the third-person shooter Rogue Company. [1]
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.
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 ...
There have been widespread layoffs in the US video game business starting in 2023 and going into 2024. [79] The layoffs were the result of multiple causes coming together, rather than occurring all at once. The COVID-19 epidemic drove up demand for video games. [80]
CNN announced a restructuring Thursday that includes some 200 layoffs, an accelerated pivot to digital operations and new TV roles for personalities like Wolf Blitzer, Jake Tapper and Audie Cornish.
There have been two distinct waves of tech layoffs amid COVID-19, Layoffs.fyi Creator Roger Lee told Yahoo Finance in an interview. The current wave of layoffs is being driven by the macroeconomic ...
This decision coincided with the cancellation of Project Columbia, an unannounced Kinect shooter game, and the layoff of all 35 employees. [6] In November, Microsoft Game Studios Vancouver was rebranded as Black Tusk Studios and tasked with developing a major franchise for Microsoft Studios , comparable to their Halo franchise.
This article originally appeared on USA TODAY: Workday layoffs: Over 1,700 employees affected, or 8.5% of workforce. Show comments. Advertisement. Advertisement. In Other News. Entertainment.