Former PlayStation boss blames "really sad" layoffs on "misjudgment" of companies: "It's funny to see the companies who shut down, lay off, the stock price goes up"

Former PlayStation boss Shuhei Yoshida attributes the widespread layoffs in the gaming industry to management misjudgments, particularly concerning the surge in interest during lockdowns. He notes that despite layoffs, the overall headcount in many companies continues to grow, and observes that stock prices often rise following such workforce reductions.

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5 articles · 2 sources 9 days ago

Gaming Industry Faces Widespread Layoffs Amidst Financial Woes

The gaming industry is experiencing a significant downturn with mass layoffs and studio closures affecting major companies like Microsoft and Sony. Experts attribute these cuts to over-investment during the pandemic and hidden financial failures, leading to a grim outlook. This instability is causing many developers to consider leaving the industry, threatening future talent pools.

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