Maybe I am just out of the loop, or fail to connect the dots. What's with a whole bunch of gaming companies laying off people or canceling projects? Is it simply the bad economy all over the world? Because that has been going on for a while, so why so many companies doing this just now, and all at once? A lot of games have been shit too for a while, so it's probably not that either. Do they have to publish quarterly reports in the upcoming days, and are trying to get ahead of the bad news by pretending that they have already done something about the issue?
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (28)
sorted by:
A bunch of things are colliding right now.
Overhiring from covid times, when people were working from home is just letting people go left and right because costs have gone up now that they want people back in the office again. Rent and other overhead is not cheap anywhere.
ESG in many places is running out because the infinite money train, as it turns out, does not in fact have infinite money.
Workers at companies that have over hired and underperformed are scared because none of the hires actually know how to do their jobs, due to letting go of the competent workers because of the bad thoughts, so they're just biding their time until the inevitable firing and the company goes under or is bought on the cheap to harvest what it's holdings have.