"Unraveling the Turmoil: The Human Impact of Layoffs in the Video Game Industry"

The video game industry has seen a wave of layoffs affecting thousands of workers due to overspending, declining growth in gaming spending, and shifts in consumer behavior such as the rise of mobile gaming and live service games. The industry's rapid expansion during the pandemic gaming boom led to overexpansion and subsequent layoffs. The decline in gaming revenue growth, particularly in mobile and PC gaming, has also contributed to the challenges faced by the industry. It may take until 2025 for the industry to see a turnaround with the release of highly anticipated titles, but the road ahead remains tough.