Here's Why There's Been So Many Layoffs in Video Games

Рет қаралды 42,478

5 ай бұрын

As layoffs continue en force in 2024, one reason for the massive video game industry shake-up is a result of the acquisitions rush from the past two years.
#IGN #Gaming

Пікірлер: 145

@Gaudzilla 5 ай бұрын

And yet Nintendo is giving all of their employees bonuses 🎉❤😊

@ICon-sy7go 4 ай бұрын

With that Saudi money 😂

@daveknightgael1209 4 ай бұрын

They can afford to with all the lawsuit money they keep making

@evaander 4 ай бұрын

Part of that is due to the laws in Japan. If they could, they definitely would fire people as well

@decimatedbody4122 3 ай бұрын

@@ICon-sy7gobased saudis

@akaimizu1 2 ай бұрын

@@evaander The thing is, they very well could, but didn't. There are other ways to do it, and we all have seen Konami use those ways.

@TooMuchForIt 5 ай бұрын

can't be layoff if you dont have a job in the first place

@Onyx3777 5 ай бұрын

overall tech industry is cutting hard.

@eddiecoker4808 5 ай бұрын

False lmaooo

@alphagodvon 5 ай бұрын

Because they know about the upcoming market Crash . The Dollar is going to crash by 2030

@alyasVictorio 5 ай бұрын

@alphagodvon ...also known as "the collapse of USA, like what happened to Rome"

@leeroy1986 5 ай бұрын

The most shocking thing about this video is the Tottenham Hotspur shirt.

@spazco8669 5 ай бұрын

you forgot one of the major contributers to layoffs. Unreal engine 5 makes entire departments irrelevant.

@FancyTophatDude 4 ай бұрын

To cut it short: these companies hired people like crazy to rush in on the growth that was happening a couple of years ago FULLY KNOWING that something like that was never ever gonna be sustainable in the long term. All of them most likely had very clear estimates that this was gonna end with thousands of people having their livelihoods destroyed for no fault of their own and they did it anyway, because they are monsters. This isn't about some evil CEOs, this is at the core of what all these companies strive for. Always remember that.

@ryuixyui 2 ай бұрын

Twitter proved how lazy people are. With the AI development on the horizon, these game developers need to sharpen their skills. The game industry has lowered its hiring standards because of wokeness, now they realize how much trimming they could do with affecting the company. People will cry crunches, the only reason why crunches exist is because studios can't keep talent, ones who will be picked by other studios. A departure of a actual game developer can delay a game for a week especially if there is no in house replacement available.

@Micbemac 5 ай бұрын

What these post always neglect to mention is the debt ratio of these companies, and how growing interest rates, even only a percentile makes a massive difference on the debt ratio, and the ability to get funding as your company is devalued in a high interest period - meaning investors want a bigger percentage of the company for the same investment amount they would have made in 2020-21.

@Jamesmincks819 5 ай бұрын

The gaming industry is raking in record profits and yet over 6000 people are laid off. Why?? Because after the COVID era buying spree of game studios, with hundreds of billions of dollars spent, Microsoft and Sony now realize that they need to generate profit. So they lay off thousands of developers to cut payroll and save money on overhead in order to generate more overall profit. Mergers and buyouts always lead to layoffs. After a company spends billions to acquire a another company, they will immediately cut payroll to get more profit. The goal is to quickly make back the billions spent to acquire the company.

@PainRecodo 5 ай бұрын

IGN Doing real journalism, WOW.

@DanteMasaru 5 ай бұрын

A cold day in hell for sure. Would've been hilariously ironic if Destin did this editorial.

@lk5388 5 ай бұрын

Hardly ant journalism. Anyone with a pulse will figure this out looking at the landscape.

@DanteMasaru 5 ай бұрын

@@lk5388 It's not a matter of deduction, but a matter of actually reporting something newsworthy and accurately, no less. Still somewhat ironic coming from IGN considering how they had cheerleaders (Destin) of the ABK acquisition who often dismissed FTC concerns of how such a massive acquisition would have a detrimental effect on labor.

@daviddillon1599 5 ай бұрын

See also: steel industry

@JasonTheOneAndOnly 5 ай бұрын

Basically, higher ups are fkn with ppls lives, nothing new there.

@Kishiiknight 5 ай бұрын

Too many people in unnecessary management positions sitting on bean bags doing nothing is the problem

@son4tine 5 ай бұрын

One word : greed

@chaosordeal294 4 ай бұрын

They need the desks for their new staff to download AI art. Also, the Chinese market was basically shut down (maybe).

@nerdmaster6976 5 ай бұрын

Nintendo laughing in the corner

@raybloodypurchase1941 5 ай бұрын

Great work.

@beyond72deepsoulfulhousemixes 5 ай бұрын

COYS

@dragoonseye76 5 ай бұрын

Yup. Corporate greed is a real mood killer.

@SLIMZ34 5 ай бұрын

WHAT DO WE THINK OF TOTTENHAM?

@ellabella2310 5 ай бұрын

The best

@ThatGuyNorm 5 ай бұрын

Those glasses crack me up man. You look like a cartoon character

@phoenixamaku5551 5 ай бұрын

Hope no business shutdown that would be terrible

@ICon-sy7go 5 ай бұрын

How about the layoffs in games media? Gamespot for instance

@kangkoopa 5 ай бұрын

Are we witnessing a video game collapse?

@NetBattler 5 ай бұрын

The video game industry needs a hard reset.

@kangkoopa 5 ай бұрын

@slapsbace "internet tuff boys" while trying to act tuff. Sir you can keep your comments to yourself because for me they are worthless.

@MaRz0o 5 ай бұрын

1:39 Should be Acquisition. Misspelling

@AnumaOnline 2 ай бұрын

We all know why - they despise their own customers now...

@noonoobquality4740 5 ай бұрын

you need to do more videos

@chronosschiron 4 ай бұрын

most of the activision layoffs are people that were the issues at activision and a few have already got going and are releasing games ugh...

@AliAbidalkareem 5 ай бұрын

No money, no honey.

@circleofthytyrants 5 ай бұрын

when it costs $35 - $100 an hour to have thousands of people work on a game that only costs $70, seems like its almost not worth it.

@Sparticulous 3 ай бұрын

Busines as usual except embracer. That is just incompetence

@MrGLillywhite 5 ай бұрын

Hell yeah Tottenham.

@Destinychanged 5 ай бұрын

Because CEOs are greedy. Next video.

@abdulabdulrahman-ho8wj 5 ай бұрын

Glory Glory Tottenham hotspur.

@godssalvation87 5 ай бұрын

Bungle management caused there layoffs.

@apexpredator4394 5 ай бұрын

Sweet baby stink

@Bonbon-C 3 ай бұрын

GREED! - That is the only answer you need to know!

@christophermarshall2362 5 ай бұрын

Unionizing can prevent Layoffs.

@Chronoir3 4 ай бұрын

*Buy games using your brain not the hype*

@Darth_Vezz 5 ай бұрын

Did you really just introduced this video and put Starfield over Baldur's Gate 3 Game of the Year who broke records? That tells me a lot about where y'all are headed

@Nightcrawler90210 5 ай бұрын

Did you not hear the BIG THREE PUBLISHERS part? Why are you so fixated on something so minuscule?😂

@thisnameistaken 5 ай бұрын

Okay but the rise of AI obviously has a lot more to do with it than anyone wants to acknowledge for some reason.

@FancyTophatDude 4 ай бұрын

In my experience no major company is taking AI very seriously right now. At least no one in actual dev fields. It's maybe used for some stuff, but overall not much has changed so far. The roles typically effected by these layoffs are non-core teams. Stuff like community teams, QA, legal, finance etc.

@thisnameistaken 4 ай бұрын

In your experience? And what exactly IS your experience? Out there polling devs on how much stock they're putting into AI? Also, if "no major company" is taking AI very seriously right now, why have multiple games ALREADY came out with AI art that people were quick to notice? And that's just the stuff people CAN notice. Can't really detect AI helping code get written faster, or more cohesive AI art, etc. And your last statement is also objectively false, because almost every announced lay-off is also coming with the announcement of cancelled games... like the one that happened literally today. @@FancyTophatDude

@klaceekoolstra2658 5 ай бұрын

Bright 🍬 💖🔆🤪

@syclopsable 2 ай бұрын

Most of these game devs and writers deserve to lose their jobs, all these games lately have been absolute garbage

@alexhenderson7600 5 ай бұрын

Don’t trust anything said by a Spurs fan… ⚽️🐓

@MtbAddict109 4 ай бұрын

You didn't mention the recession, cost of living crisis or Artificial Intelligence..

@FancyTophatDude 4 ай бұрын

All of those make sense for regular layoffs in specific fields. They don't explain these insane waves of layoffs where studios are cut down indiscriminately. Parent companies don't care whether it's jobs affected by AI, studios in specific cities etc. they just care about what the next project you're delivering is. Are you gonna make them money soon? You get cut a little bit. If not, you get eviscerated. These parent companies don't care. They hired like crazy when there was growth that clearly wasn't sustainable a couple of years ago knowing that this would be the outcome of that and now here we are.

@OriginalSeriesPhaser 5 ай бұрын

Xbox goes PlayStation!

@headninjadog8120 5 ай бұрын

If IGN (and others) did real journalism some of these acquisitions would have happened.

@quebon2 5 ай бұрын

Greed. It's mostly just plain old greed from millionaires and billionaires who care more about stockholders and their own bank accounts than they do employees.

@KingJohnMichael 5 ай бұрын

@@pizzaplanetalien5079gamers aren't the smartest, they repeat what some KZbin influencer told them because they aren't smart enough to form own educated opinions

@cup1966wow 5 ай бұрын

You have a legal obligation to shareholders, so yeah of course.

@stevedoom8783 5 ай бұрын

When did IGN start becoming a respectable news org again?

@peterpan-xm1sq 5 ай бұрын

Respectable 😂 I give that a 7/10

@sacredpower7530 5 ай бұрын

@peterpan-xm1sq Agreed

@drexivan21 5 ай бұрын

Starfield 😅 ok sure but why did they snubbed “Hogwarts Legacy “

@SoldierGryphon 5 ай бұрын

Everyone knows exactly why.

@IllMatic97 5 ай бұрын

Because JK pissed off the Ts, let's keep it a buck.

@jikal9032 5 ай бұрын

"Diversity"

@pokemigas6049 5 ай бұрын

Took me a second to realize that he is wearing a Tottenham jersey

@Stevenknowsnews 5 ай бұрын

Wages and costs. Don't listen to ign for anything other than reviews. If that.

@emikomina 5 ай бұрын

Sony had the least while MSFT+ABK had the most 🤷‍♂

@EverlastingMARVELvsDC 5 ай бұрын

TOTTENHAM ❤❤❤😂 but it's hearthbreaking all of this layoffs across the "gaming" industry

@Rhade15 5 ай бұрын

Don’t worry, it’s just Spurs

@djtomoy 5 ай бұрын

Why is an American wearing a spurs shirt?

@beyond72deepsoulfulhousemixes 5 ай бұрын

Because he's a fan of Spurs??? 🤔

@smearframe 5 ай бұрын

Lol can't take you seriously in that shirt. meme FC

@YangLeee 4 ай бұрын

Playstation acquired Bungie and only had 100 lay offs. They didn't shut down entire studios. Only a few people here and there. Layoffs in Art , music, Q.A, Marketing and community departments are really low since its spread out.

@prosthetiquette 4 ай бұрын

this didn't age well

@TheJacob95 4 ай бұрын

Yeah check again

@Romoredux 5 ай бұрын

SIMPLE ANSWER: Greed (Like everything else in this World)

@StigmataMarty 4 ай бұрын

IGN not nominating Hogwarts Legacy for being trans-phobic isn’t helping

@nooobounds 5 ай бұрын

Ew, Spurs.

@Rileykard 5 ай бұрын

Because studios are more worried about pushing agendas than making fun games. And normal people(the ones who actually buy games) are sick of it.

@JustSomeMisfit 5 ай бұрын

What agendas?

@christopherlyndsay8611 5 ай бұрын

That is absolutely not the problem dumbass. The only actual problem is greed.

@ICon-sy7go 4 ай бұрын

Looks like the republican talking point worked on this fool, alright let’s keep being greedy.

@Rileykard 4 ай бұрын

@@ICon-sy7go Cope, Seethe and Dilate.

@Rileykard 4 ай бұрын

@@JustSomeMisfit Any and all of them don't belong in a videogame, which is supposed to be about fun above all. "Hur dur what agendas?" Don't be a disingenuous clown.

@OSTemli 5 ай бұрын

Ah always Running for Asian to come and fix you . Irony because asian games like japanese developer are the only one left with current trend

@paladintrueknight 5 ай бұрын

Can they lay off the people at Insomniac Games who pushed for including wokeness in Spider-Man 2?

@robertwhite9621 5 ай бұрын

Lmao get a life

@bobkys7916 5 ай бұрын

You're a sad person

@R.B.90 5 ай бұрын

Incel energy

@pixeljauntvr7774 5 ай бұрын

Grow up you pathetic little boy.

@_Cetarial 5 ай бұрын

If Spider-Man was real, he’d be disappointed in people like you.

@mr_m4613 5 ай бұрын

The real reason why tgeres so many layoffs in the gaming industry is because nobody's buying games.

@mikeuk666 5 ай бұрын

Figures say differently

@gilbertoarellano8525 5 ай бұрын

Lmao not true at all!

@mr_m4613 5 ай бұрын

@@gilbertoarellano8525 this is definitely true because the games is where they make the most money and if nobody's buying games then they're not making enough profit meaning that they have to cut costs, how do you do that? You layoff people.

@gilbertoarellano8525 5 ай бұрын

@@mr_m4613The entire tech industry is going through lay offs for the past 2 years, they simply over hired and now that the dust has settle post pandemic and things back to normal they are cutting cost to maximize their profits. It’s back to business as usual companies being greedy and realizing not every job position is essential in their eyes. Only indie companies can be affected by one single game doing poorly.

@rooislangwtf 5 ай бұрын

@@mr_m4613 most of the layoffs are happening with companies that got acquired during the pando gold rush and they haven't even put out games yet