Why is the game development industry laying off so many people?

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It feels like every day I see a post about some big game development studio laying off a large chunk of their workforce. What are the causes of this?

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Anonymous 0 Comments

the whole IT sector boomed when covid hit so all the tech companies scrambled to hire whoever they could and now that things are back to normal they need to cut back down.

on top of that the massively inflated prices in California and the proliferation of work-from-home acceptance also might cause them to seek new employees in places where they have to pay them less

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