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This is also surprising considering over the past several months, nearly all of Xbox and Bethesda studios have been hiring developers in big amounts, and still are! Quite a few studios have dozens of open positions.

Are these layoffs not tied to development? With how much turn over there's been in the gaming industry, if you get laid off, how many different places are there to go now? We may end up seeing an exodus of people who just don't want to work in the game industry anymore. And I wouldn't blame them.