Games

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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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nanoUFO@sh.itjust.works

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Why is the $180bn games industry shedding thousands of staff? (www.theguardian.com)

submitted 9 months ago by nanoUFO@sh.itjust.works to c/games@sh.itjust.works

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[–] KyuubiNoKitsune@lemmy.blahaj.zone 4 points 9 months ago

There's a hype cycle that companies like MS ride to bolster stocks, during the hype they over hire to give investors the impression that they are doing really well, when the hype starts to fall, they use layoffs to inch out a bit more, because it shows investors that they're slimming down now that the hype is falling off. One of the interesting things he mentioned is that the hype is more important than the product, the product is just there to increase the hype and justify the hiring, showing investors that something great is on the way.