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Ruiner developer Reikon Games reportedly lays off more than half its staff | GamesIndustry.biz
(www.gamesindustry.biz)
Video game news oriented community. No NanoUFO is not a bot :)
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My goal is just to have a community where people can go and see what new game news is out for the day and comment on it.
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I haven’t chased down sources but I saw a claim that the industry added net 20k jobs in 2023. This might really be more realignment than bloodbath. Anyone who was debt financing payroll has to make changes asap, but the industry still generates tons of revenue and grows YoY.
That's interesting, then to me it means that whoever was in charge and made the decision to hire that many people without questioning the long term financial sustainability of such decision must be to blame
That is a valid take. You could also say that all the VC was transferred into payroll for ordinary folks without any return to the SV billionaire club.
Totally different industry, but my company took a huge swing a few years back that blew up in their faces. It’s been rough since then but I put a LOT of money in my pocket during that period and I’m certainly better off than if they had prudently managed on austerity budgets the whole time.
Fire and rehire at lower rate?
You got it. Lay off the Seniors, get the kids straight out of college.
Don't even need to! Fire the seniors and hire seniors at junior rates.