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Business And Employment

All articles tagged with #business and employment

business-and-employment2 years ago•2 min saved

Bossa Studios Cuts One-Third of Workforce Amidst Turbulent Times

UK-based game developer Bossa Studios has laid off approximately one third of its workforce, with 19 people affected, particularly in QA and production roles. The layoffs were attributed to a "perfect storm of events," including competition from AAA games, rising operational costs, and delayed industry funding. The studio now focuses on its upcoming game, Lost Skies, and is left with 40 employees. Co-founder Henrique Olifiers expressed regret over the layoffs and called for industry support in helping the affected staff find new opportunities. The games industry faced significant layoffs in 2023, and analysts predict this trend may continue into 2024.

via GamesIndustry.biz|

##bossastudios #business-and-employment

business-and-employment2 years ago•3 min saved

"2023 in Review: Layoffs and AI Disruption Take Center Stage in Gaming Industry"

The video game industry in 2023 has been marred by widespread layoffs, with an estimated 9,000 workers affected. Major companies like Epic Games, Embracer Group, and others have cut their workforce significantly due to financial strains and failed investments. Epic Games, despite its profitable ventures like Fortnite and Unreal Engine, laid off 830 employees, while Embracer Group let go of over 900 after a $2 billion deal collapsed. The industry has seen layoffs across the board, including at Hasbro, EA, and BioWare, among others. This trend contrasts with Nintendo's past approach of prioritizing employee retention over short-term profits. Unionization efforts have gained traction as a protective measure for developers, but the overall sentiment is that a year so detrimental to game developers cannot be considered great for games.

via The Verge|

##business-and-employment #embracergroup