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Some media outlets compared the 2023-2024 layoffs to the video game crash of 1983, when the US video game market collapsed due to an oversaturation of poorly made, low-quality games, causing the video game industry to enter a recession for two years. This has sparked discussions about a potential "second video game crash."
In the video game industry, 2024 saw job losses that continued from 2023, including large cuts from Microsoft Gaming, Electronic Arts, and Sony Interactive Entertainment, with nearly 15,000 jobs cut through the entire year.
Deck Nine responded to IGN's inquiry emphasizing the studio's diverse team, employee welfare and collaborative development. In June 2024, Square Enix announced Life Is Strange: Double Exposure as a direct sequel to the original Life Is Strange, which was released in October. [41] In December 2024, Deck Nine laid off an undisclosed number of ...
The media and entertainment industry's reckoning continues in 2024 with more layoffs, as rising costs and debt-ridden balance sheets continue to weigh on the embattled sector.
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 ...
More than 900 business leaders across the country expect significant layoffs at their companies in 2024, according to a survey. Thirty-eight percent of the 906 respondents said they think layoffs ...
G/O Media Inc. is an American media holding company [1] that owns and operates the digital media outlets Kotaku, The Root, The Inventory, and Quartz. [2] [3]It was formed in 2019 after the private equity firm Great Hill Partners purchased two digital portfolios from Univision: Gizmodo Media Group (Gizmodo, Jezebel, Deadspin, Lifehacker, Splinter, The Root, Kotaku, and Jalopnik) and the Onion ...
2023 saw more layoffs than previous years, with 240,000 jobs cut in the tech industry alone -- a 50% jump from the prior year, according to data from TechCrunch.com. A number of factors led to ...