Shame. If they are laying off most of their staff I don't see Wyrdsong coming out now. In retrospect 2022 was a bad year to found a new gaming studio, even with all the talent they had on hand.
this post was submitted on 16 Mar 2024
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Can anyone break down this trend of layoffs and why it's happening? Does it have to do with AI content generation?
Higher interest rates means investors are being more conservative with investments, so companies that relied on external money injections are in a world of pain. The same applies to subsidiaries of larger companies.
Gaming companies are particularly vulnerable to this since games have much bigger lead times and usually have much bigger teams than most other software.
Overhired during the pandemic and failed to hit aggressive targets so now the executives need to collect scalps to unlock their full bonuses
Oof. Before they even released anything too.
Have they even made anything? Or just jerked themselves off and taken home a paycheck?