mortono on 20 January 2010
The industry practically crashed last year if you look at the number of layoffs and closed studios. So many projects were cancelled too and not just the ones you knew about.
Less projects = less games.
Less games = less revenue.
Less revenue = More layoffs.
More layoffs = Less projects.
[repeat]
And it's not over yet. While game sales might make a rebound, that still doesn't take care of soaring development costs.
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