Former PlayStation Exec Believes Recent Layoffs Are a Result of Over-Investment During Covid-19
Former PlayStation executive Shuhei Yoshida attributes recent widespread gaming industry layoffs to over-investment and over-hiring during the COVID-19 pandemic's period of rapid growth. He suggests companies misjudged sustained demand, leading to adjustments and layoffs as the industry returned to steady growth. Despite the sad reality of job losses, Yoshida remains optimistic about the industry's long-term health, noting that overall employment numbers may still be increasing.
- Entities
- Company: Iron Galaxy Studios
- Person: Jim Ryan
- Company: Sony
- Topic: Investment
- Company: Behaviour Interactive
- Company: Sony Interactive Entertainment
- Company: Epic Games
- Topic: Layoffs
- Person: Shuhei Yoshida
- Game: Fortnite
- Topic: Industry Growth
- Company: Polyarc Games
- Company: PlayStation
- Person: Ken Kutaragi
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