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Riot Games to lay off 530 workers amid broader gaming industry cuts
(www.latimes.com)
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this post was submitted on 23 Jan 2024
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What is it with corporations just buying stuff up for excessive amounts of money and then firing a bunch of people?
Unity spent $1.6 billion on Weta Digital and then did absolutely nothing with it, fired most of the Weta people, and are now doing mass lay offs. What's the point? Why buy it all if it's just going to be shut down and then fire people?
Because the point isn't to make money, it's to accumulate capital. IP is fake bullshit, but it's been turned into capital by the state so it's valuable to accumulate.
Probably because they're unelected descendants of upper middle class to straight up wealthy people, assigned by a wealthy board of more wealthy individuals (if it's a public company), rather than a competent leader the workers with actual knowledge of how work is being done on the floor have decided is the best.
When you don't leave managing the business to an incompetent nepo baby, this happens:
I did not know this about Weta digital and that makes me sad