Roblox rival and Deus Ex dev the latest to be hit by video game layoffs

The video game industry is experiencing widespread layoffs, with major companies like Epic Games and Eidos-Montréal reducing their workforces. Even successful titles like Fortnite are not immune, as Epic Games let go of 1,000 employees. Several studios, including Rec Room and Ivy Road, are shutting down entirely due to financial difficulties and a challenging market, particularly in VR.

▸ entities in this article

PART OF A STORY

by feed.gg

6 articles · 3 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.

COMPANY Microsoft

Sources covering this · 3

Show 3 additional articles