The video game industry is facing significant challenges, highlighted by recent layoffs and discussions about the future of gaming consoles. Enthusiast Gaming, a prominent video game publisher and media company, announced it had laid off 25% of its workforce, approximately 45 employees, marking its third round of cuts in the past 12 months, with previous reductions in May and December. This move is part of a broader trend of layoffs within the industry, with a reported 16,000 jobs lost. High-profile industry figures, including former Xbox boss Peter Moore and former PlayStation boss Shawn Layden, have weighed in on the situation. Moore suggested that the industry is debating the future of Xbox consoles, while Layden expressed optimism that the industry would recover. These developments come amid concerns over the increasing cost of game development and speculation that the current generation of gaming consoles could be the last.
Commentary: Layoffs at Sony, a radical strategy at Microsoft and no new Switch from Nintendo show that the entire industry is struggling with the increasing cost of game development. https://t.co/8opax9Psge
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Is this the last console generation? IGN interviews ex-Xbox boss Peter Moore about the future. https://t.co/Gyg8yTIksR https://t.co/PxhGadWPWZ
JUST IN | The video game publisher and media company Enthusiast Gaming laid off 25% of its workforce—around 45 employees—today, its third round of cuts in 12 months following headcount reductions in May and December. https://t.co/zvtDEsqCm9
The impact of 16,000 games industry layoffs, in one chart https://t.co/QWgu8blqZ5 https://t.co/Ve5gtnZijx