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Kane99

Video Game Industry Laid Off Approx 25000 Employees Between 2023-2024

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Source - https://tech4gamers.com/gaming-industry-laid-off-25000-people-2023-2024/

It's sad that so many people were laid-off when it came to the gaming industry. Around 25,000 employees were let go or fired from their jobs. The big companies that partook in the layoffs were big time companies like; Microsoft, PlayStation, EA, Activision and more. The article above seems to blame the layoffs on increasing costs of game development. As well, it seems live-service games has been a big reason for layoffs as well. Concord is a bit one to bring up as an example. 

What I don't get is why are all these CEOs and people in charge making majority of the money, and yet thousands of employees get let go to save money? Why do CEOs need to be paid millions or even hundreds of millions to do their work? Couldn't they let some of those earnings trickle down to the workers more? 

What do you think? Do you think we'll see a rise in layoffs in 2025? Or will things calm down in the new year?

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