Posted 2/19/2024, 9:29:15 PM
Video Game Industry Faces Mass Layoffs and Uncertainty as Development Costs Skyrocket
- Massive layoffs across the video game industry, with some losing jobs multiple times in one year
- Games becoming exponentially more expensive and time-consuming to develop
- Companies overspending and making risky investments in things like acquisitions, blockchain, and AI
- Long-term instability and unpredictability for game developers' careers
- Expectations that layoffs will slow in 2024 and business will pick back up in 2025