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This does not align with my in-biz experiences, at least not in the near-term where those that are lucky* enough to score PS4/'Durango' contracts are going on hiring binges.

 *Lucky because mid-to-long term dev contracts (2-5 years out) are getting cut left and right by *big* pubs. There's a big story in there, but we don't actually have any journalists covering the game biz, so you won't hear about it until devs are closing left and right, alas.