I listened to this forty minute podcast with five minutes of adverts to get the reasons. Games Journalist Ash Parrish has opinions including: The layoffs are

I listened to this forty minute podcast with five minutes of adverts to get the reasons. Games Journalist Ash Parrish has opinions including: The layoffs are because people at home during covid spent more money on video games, which resulted in investors putting money in to the video game industry. People are not stuck at home anymore and people are feeling that they have less disposable income to spend. Video game industry revenue stopped going up so now there is a push for profitability. Companies that make games are chasing the next big thing, they all want to make the next Fortnite and get money from people paying for in-game things. Video game companies are spending lots of money on higher fidelity graphics, which games don't care about that much. Only smartphone gaming has increasing revenue.