What is it about?
The games industry is seeing unparalleled mass layoffs since 2022. Cheap debt, the Covid-19 bubble, investor imprudence, and executive extravagance have produced an unsustainable boom and investment spree that flowed into today’s disastrous bust. For workers in the games industry, collective organization is a difficult but necessary response to ensure a healthier and more resilient future for all.
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Why is it important?
The game industry labor situation is worsening, and the trajectory and health of the industry is at risk for the next decade if things do not course correct.
Perspectives
As analysts who have been in and around the game industry for nearly 15 years each, what is happening now is the nexus of corporate greed, executive myopia, and fad chasing that has hurt creatives and those that support them. At the same time executives have enriched themselves as companies focus on shareholders rather than all stakeholders. This decision-making will harm the industry for the next five to ten years, as companies use this environment as a lever to force return to office mandates and lower salaries.
Michael Futter
Read the Original
This page is a summary of: The Game Industry’s Cataclysmic Layoffs: Where Do We Go from Here?, Games Research and Practice, March 2024, ACM (Association for Computing Machinery),
DOI: 10.1145/3651280.
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