this post was submitted on 08 May 2024
95 points (99.0% liked)

Out of the loop

11015 readers
1 users here now

A community that helps people stay up to date with things going on.

founded 1 year ago
MODERATORS
[email protected]
95
Why is the video game industry in crisis? (self.outoftheloop)
submitted 6 months ago by Zeppo to c/[email protected]
31 comments fedilink hide all child comments
 

I keep hearing about layoffs, studios being closed and how the industry is troubled. Are companies losing money and sales are poor, or is it the same as Google and other companies laying off people just to pump their stock price and make money despite profitability?

you are viewing a single comment's thread
view the rest of the comments
[–] Habahnow 1 points 6 months ago

I don't mean that expenses are higher than revenue, just that expenses are higher relative to revenue than these companies would like. This is a bear market, they need to prepare to withstand the bear market until things look better.