id Software, Bethesda, Quantic Dream and More to Face Major Layoffs, Studio Closures Soon – Rumor
Reports suggest significant layoffs are imminent across the gaming industry, affecting studios like id Software, Bethesda, Quantic Dream, and BioWare. Microsoft's Xbox division is expected to implement these cuts after its fiscal year ends on June 30th, with CEO Asha Sharma citing declining revenue and a need for increased accountability margins. These layoffs are described as potentially just the beginning of a larger industry downturn.
- Entities
- Company: Electronic Arts
- Company: id Software
- Company: Microsoft
- Company: DON'T NOD
- Person: Sylvain Trinel
- Topic: Business
- Company: Quantic Dream
- Topic: Layoffs
- Company: Activision Blizzard
- Company: Bethesda
- Company: Xbox
- Person: Matt Booty
- Company: BioWare
- Topic: Game Development
- Person: Asha Sharma
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