this post was submitted on 01 Mar 2024
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I really wonder whats driving all these game industry layoffs? Some of these layoffs are from really successful studios making popular games. So what gives?
It shows investors that the company is reeling in their spending to become more lean, leading to the perception of better profits. You'll notice that after most layoffs the share price increases.
Remember, the only product that's important to publicly traded companies is good investor sentiment, everything else is secondary.