The gaming industry is facing significant challenges, with layoffs impacting major companies and studios, including Sony, which recently laid off nearly 1,000 PlayStation workers. The layoffs are affecting a range of studios, notably Insomniac and Naughty Dog, developers of successful titles like Marvel's Spider-Man and The Last of Us series. This trend is not isolated to Sony; the entire sector is grappling with issues such as the increasing cost of game development, leading to a strategy shift at Xbox and a noticeable absence of a new Switch from Nintendo. The industry's struggles are part of a broader wave of layoffs across the tech sector, with over 15,000 tech layoffs reported in February 2024 alone. This situation underscores the need for new strategies to cope with development costs and the changing landscape of the gaming industry.
The silver lining of 2024 being the year we see the most game industry job cuts ever is there are now tons of talented industry vets looking for work. If only there was a sub-sector of the industry that had deep pockets & "fund first, ask questions later" attitude...
The steady stream of layoffs following the Great Resignation has spilled into 2024 with about 186 tech companies cutting over 49,386 jobs this year, according to a study. https://t.co/jQaT08dX8G
The steady stream of layoffs following the Great Resignation has spilled into 2024 with about 186 tech companies cutting over 49,386 jobs this year, according to https://t.co/hi7Zb9zjf3. https://t.co/VndgnXzxya
Hundreds of layoffs have already struck Austin's tech industry in 2024 https://t.co/vNR7Fs4R06
What is going on with layoffs in the video games industry? https://t.co/mu5ejNfesC's @Chris_Dring offers a catchup, and an explainer https://t.co/JH0v6h5xqN https://t.co/SzfdyNyhEa
As waves of layoffs continue to rock the tech sector, the digital natives of Gen Z are increasingly finding an angle – and some content— in an otherwise traumatizing experience. https://t.co/DWn83nKsaG? https://t.co/6GOW44UBCm
Layoffs at Sony, a strategy shift at Xbox, and no new Switch from Nintendo show the entire gaming industry is struggling, @GearoidReidy writes (via @opinion). Studios need new strategies to cope with the increasing cost of development https://t.co/4ZUO9vNWQf
Game developers reveal how they’ve been impacted by the layoffs sweeping the industry: https://t.co/x0QinV8uj4 https://t.co/YDWZAOqjh1
Sony's laying off staff and shutting studios. Microsoft is bringing exclusives to rival consoles. And Nintendo's Switch successor is nowhere to be seen. The whole game industry is struggling with the increasing cost and time needed to make hits. My latest: https://t.co/rqPy2djsEI
Layoffs at Sony, a strategy shift at Xbox, and no new Switch from Nintendo show the entire gaming industry is struggling, @GearoidReidy writes. Studios need new strategies to cope with the increasing cost of development https://t.co/IWhRni0Www via @opinion
Layoffs at Sony, a strategy shift at Xbox, and no new Switch from Nintendo show the entire gaming industry is struggling, @GearoidReidy writes. Studios need new strategies to cope with the increasing cost of development https://t.co/0bvCQQJj76
Sony just laid off nearly 1,000 Playstation workers amid major struggling in the gaming industry https://t.co/xGtgmqyY19 https://t.co/xGtgmqyY19
The Sony layoffs are affecting a number of PlayStation studios, including Insomniac and Naughty Dog, two developers who recently saw massive success with Marvel's Spider-Man 1 and 2 and The Last of Us series. https://t.co/JUFGLRGGk4 https://t.co/kY1b5BsMww
Tech layoffs surpass 15,000 in February 2024: Why SAP, Cisco, others are on firing-spree https://t.co/UNyPKE96w0
Layoffs in the games industry: When it rains, it pours | Kaser Focus https://t.co/uyElNEVV9c via @GamesBeat
It seems the videogame industry layoff is impacting a specific demographic: Women So much for diversity, inclusion, and equity. Maybe don't fill quotas for ESG scores and instead hire them by talent so you don't have to fire them later🤔 https://t.co/QjF41yr6Te