Layoffs of employees in the gaming industry are not slowing down. After Naughty Dog, Telltale Games is also laying off its employees. With the news that came to the fore last week, we learned that the famous game development company Naughty Dog had parted ways with its 25 employees, the majority of whom were contracted personnel. Following this news Telltale Games News came that he had laid off the majority of his employees. Obviously; The global economic tightening process also deeply affects the gaming industry.
Telltale Games, which went bankrupt in 2018, is laying off its employees again
Founded in 2004 Telltale Games He made a name for himself with the important games he developed and gained recognition in the gaming industry. The game company, based in the United States, ceased operations in 2018 after the economic crisis. The company, which gained fame by developing games in the adventure genre, recently said “hello” to the gaming industry again.
The markets, which were recently negatively affected by the interest rate increases of the US Federal Reserve (FED), triggered a wave of “layoffs” in many sectors and companies. Telltale Games was among the companies that benefited from this. As it is known, last week the famous game company NaughtyDog He also declared that he had terminated the employment of 25 of his employees.
Latest game news You can take a look here.
Telltale Games Announces Layoffs Yona Huang
Yona Huang, the former artist of the studio, announced that Telltale Games has laid off its employees from her personal account on Twitter (X). The game developer, who said, “As the game industry, we should unionize,” shared the following:
Epic Games also laid off 850 employees
Layoffs, which have accelerated since the last period of 2022, are also felt extremely harshly in the gaming industry. From Microsoft to Meta and Sony Of course, it was unthinkable for companies in the gaming industry to remain separate from the wave of layoffs in many technology giants until now, and it continues to be so.
In the statement made by Epic Games, one of the largest companies in the gaming industry, at the end of September, it was stated that 850 employees were dismissed. This number corresponds to approximately 16 percent of the company’s total employees. Epic Games personnel layoff news You can also take a look here.
Why Do Game Companies Lay Off Their Staff?
The increase in global money supply with the COVID-19 crisis that broke out at the end of 2019 and the subsequent explosion of inflation caused almost all central banks in the world to increase interest rates starting from 2021. After entering the period of monetary tightening, economic problems also came to light. In the gaming industry Companies operating primarily in the USA and Europe continue to suffer their share from this crisis.