Out of the loop

10927 readers

1 users here now

A community that helps people stay up to date with things going on.

founded 1 year ago

MODERATORS

[email protected]

Why is the video game industry in crisis? (sh.itjust.works)

submitted 6 months ago by [email protected] to c/[email protected]

31 comments fedilink hide all child comments

I keep hearing about layoffs, studios being closed and how the industry is troubled. Are companies losing money and sales are poor, or is it the same as Google and other companies laying off people just to pump their stock price and make money despite profitability?

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 1 points 6 months ago (1 children)

Its only an issue if companies / people have been greedily and immorally doing fractional reserve lending /borrowing.

[–] [email protected] 1 points 6 months ago

It would also be an issue if they assumed that with their current staff, they could burrow money cheaply in the hopes that it will pay off in the future.

Now that that isn't an option, cut down staff. Which or course sucks.