Videogame maker Electronic Arts (EA.O) , opens new tab said on Wednesday it would reduce 5% of its workforce, as the industry struggles to grow amid high interest rates.
The company expects to incur about $125 million to $165 million in charges as part of the restructuring plan that also includes a reduction in real estate.
Maybe people are playing less games than a few years ago?
The tech industry is eating itself. I think NVIDIA is making out ok though, AI has created jobs for them for now.
They’re playing less AAA games, yes. People are thinking much harder about the $60+ price tag as AAA studios repeatedly fail to live up to their promises. I feel like Nintendo is the only AAA company that doesn’t have a losing record for the past ~5 years
There’s a few L’s but overall yeah, Nintendo has been doing fine.
According to EA, people want more large open worlds, multiplayer, and existing IPs so they want to do double down on that. This is from the company who released immortal of averum and wild hearts which barely ran at launch and then they wonder why people don’t like any of their new IPs
And according to Ubisoft, people want always-on live-service AAAAAAA $99 deluxe edition games stuffed absolutely full of microtransactions, loot boxes, daily exclusive rewards, kermel level root kits DRM, Ubisoft connect exclusive, nightmare shitfests that you don’t really own anyway.