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Employees Say ‘Sizable Portion’ Of Gearbox-Owned Studio Has Been Laid Off (aftermath.site)

submitted 10 months ago by simple@lemm.ee to c/games@lemmy.world

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Today on "the gamedev community literally can't catch a break"...

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[-] tjhart85@kbin.social 85 points 10 months ago

For the people that don't want to read the article, this seems especially relevant:
But much has changed since 2022: Embracer, which owns Gearbox, bet the house on a $2 billion deal with a Saudi investment group that fell through in 2023. Ever since, its many, many properties have been hit by layoffs on a near-monthly basis.

[-] Grangle1@lemm.ee 15 points 10 months ago

Yep, Embracer bought a LOT of studios expecting this deal to work out, and then it didn't, so many of those studios are now effectively as good as dead in the water or on their way there. It amazes me how so many people and companies always forget the basic financial idea of "don't spend money you don't have".

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this post was submitted on 13 Jan 2024

278 points (99.6% liked)