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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.
Layoffs have hit companies from Blue Origin to Meta and Boeing already in 2025 amid a backdrop of cost-cutting and technological change. The list of major companies laying off staff this year ...
The way layoffs affect the economy varies from the industry that is doing the layoffs and the size of the layoff. If an industry that employs a majority of a region (freight in the northeast for example) suffers and has to lay employees off, there will be mass unemployment in an economically rich area.
To monetize the game, Epic Games had built an in-game storefront to offer cosmetics in the form of character skins, emotes, and other customization items for the player to use with their game avatar for Fortnite Battle Royale, using "V-Bucks" as the form of in-game currency to make these purchases.
Layoffs.fyi, a website that dutifully tracks job cutting, shows that 263,000 tech employees were cut in 2023 alone. Only 11 days into 2024, there have been 24 tech companies that have laid off a ...
According to data from Layoffs.fyi, at least 22,800 tech employees across 155 different companies have been laid off since the start of 2022. People watch as the logo for Coinbase Global Inc, the ...
Big Tech's "Year of Efficiency" may be over but recent layoffs at Google and Amazon have signaled the firms will keep cutting jobs in 2024 as they make big investments in generative AI. Alphabet ...
The Worker Adjustment and Retraining Notification Act of 1988 (the "WARN Act") is a U.S. labor law that protects employees, their families, and communities by requiring most employers with 100 or more employees to provide notification 60 calendar days in advance of planned closings and mass layoffs of employees. [1]