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this post was submitted on 29 Jan 2024
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Is something going on in the games industry or is this business as usual?
True but riot games and activision blizzard also doing mass layoffs???
Here is a good article if you're interested in long-form reading.
TL;DR despite a good year for games, revenue is stagnant in nominal dollars and is declining in real dollars due to inflation. High interest rates also make financing development much more risky. That's leading to a lot of companies cutting staff and canceling projects.