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💭 What are your thoughts? The gaming industry has been experiencing layoffs in 2023 for several reasons, including: 💲 Overspending: 💲 According to IGN, overspending by developer studios is a factor in the layoffs. Epic Games CEO Tim Sweeney has said that the company has been spending more money than it earns. 📈 Inflation: 📈 Increased inflation has made money more expensive, which means that companies need to reduce their expenditures. 😷 Pandemic-related factors: 😷 Some developers believe that the layoffs are due to the pandemic. As revenue returns to normal levels, many studios are facing harsh realities. 📆 Delayed release dates: 📆 The delay of many games in development means potential revenue sources are pushed back to 2024 or beyond. 👨💼 Labor issues: 👨💼 The industry has long been dealing with labor issues. ⬆ Rising costs: ⬆ Many AAA companies are either overcrowded or overspending. This could be due to rising costs, poor money management, or high salaries for CEOs. #gamingindustry #layoffs2023 #gamingnews #Layoffs #gamingjobs #workforcecorrection #2024 #gaminglayoffs2024 https://lnkd.in/grQVxSzr.

Mass Layoffs Are Causing Big Problems in the Video Games Industry

Mass Layoffs Are Causing Big Problems in the Video Games Industry

wired.com

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