The video game industry, despite its massive growth and cultural impact, is currently facing a wave of unprecedented layoffs. We'll explore the surprising economic forces behind these job cuts, from over-hiring during the pandemic to shifts in business models, and understand what this means for both developers and the games we love.
The Gaming Industry's Paradox
Despite record-breaking revenues and a booming market, the video game industry has seen over 10,000 layoffs in 2023, with 2024 already on track to exceed that figure.