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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.
Towards the end of 2023 and continuing into 2024, the video game industry saw a large number of layoffs, with over 10,000 jobs lost in 2023 and at least 8,000 in 2024 by February 2024. While other factors contributed to the layoffs, such as previous acquisitions and mergers that came after 2021, the return to normalcy after COVID changed the ...
The layoffs affected three out of Tencent's six business divisions, namely, platform and content (PCG), which comprises its video and news platforms, its gaming-focused interactive entertainment ...
The gaming industry is facing mass layoffs. There’s also the growth of live service games — online games that are continually updated with content and often require in-game purchases to some ...
Los Angeles-based Riot, whose popular titles include "League of Legends", said teams outside of core development will see the largest impact from layoffs. Early last year, Electronic Arts Inc cut ...
A report issued in November 2022 by research firm CNG and the China Game Industry Group Committee, both with strong associations with the Chinese regulatory bodies, stated that the steps taken to reduce youth video game addiction had been working, with more than 70% of the country's youth gaming less than three hours a week.
The video game industry is facing a seemingly never-ending string of layoffs and studio closures: Telltale, ArenaNet, Activision, and now EA. According to industry analysts, companies are facing ...
"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.