Currently Online 
| shikamaru317 said: 2024 is definitely looking to be a record year for gaming industry layoffs, we're not even a full month into the year yet and I've heard about over 5,000 laid off employees between Microsoft Gaming, Twitch, Riot, Embracer Group, and more. 2023 had 11,000 laid off employees in the gaming industry, so we're nearly halfway to passing 2023 in layoffs in not even a full month of 2024. |
Add on Unity. I was surprised at Riot's layoffs, it really goes to show that nobody is safe and even the incredibly successful companies are being hit hard. The tech industry in general is taking a battering, part of it is due to over-hiring during the pandemic but it feels like the gaming industry in particular is taking quite the beating and it feels more than just "over-hiring" it feels like we're heading towards a slow moving train crash.
Budgets which continue to balloon are outpacing profits, either you're incredibly successful or you're a failure, the middle-ground is fading, a shortage of developers but at the same time, thousands of layoffs non-stop which will discourage people from entering the industry and cause others to leave the industry, when you need those developers again in the future, they won't be around, cause you've broken their spirits. Games requiring thousands of employees nowadays on average, the churn rate is high, people jump from studio to studio like musical chairs, the burnout rate is high, the profit margins are slim.
Last edited by Ryuu96 - on 25 January 2024
