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Some of the newly founded AAA game development studios, such as Ridgeline Games and Deviation Games, closed down before even releasing their first video game. Ridgeline Games, founded in 2021, shut down just three years later in 2024. It was previously led by game director Marcus Lehto, who made a decision to leave Ridgeline Games.
According to IDC, mobile game revenue shot up 32.8% to $99.9 billion in 2020, while digital PC and Mac game spending jumped 7.4% to 35.6 billion. Home console game spending, meanwhile, soared 33.9 ...
(Reuters) -Videogame software provider Unity Software will target laying off approximately 25% of its workforce, or 1,800 jobs, the company said in a regulatory filing and internal company memo on ...
Media layoffs: Google's YouTube, Paramount, ... Warner Music Group . ... the media company also said it would sell Complex to live video shopping platform NTWRK in a $108.6 million all-cash deal ...
Mytona was founded in 2012 by brothers Alexey and Afanasey Ushnitsky in Yakutsk, Russia and has offices in Singapore, Thailand, Kazakhstan, Armenia, Georgia and Serbia. [2] [3] The brothers said to have started developed casual PC games in 2004 and by 2020, they stated to have 1,000 employees, mostly in Yakutsk.
"The Video Game Industry Is More Successful Than Ever. Why Are the Workers Treated Like Garbage?". Slate.July 30, 2024. The cycles of M&A and subsequent cuts and closures have escalated so profoundly over the past few years ... that Wikipedia has a stand-alone article covering the nearly 21,000 jobs that the gaming sector shed from just the beginning of 2023 up through now.
After at least a decade of expansion, tech companies have been rattled by inflation along with a slowdown in spending from both consumers and advertisers.
The YouTube layoffs, first reported by Tubefilter, are part of Google’s initiative to reduce its employee count to “[invest] in big priorities” this year, per a memo CEO Sundar Pichai shared ...