Comment on Microsoft Plans Major Job Cuts at Xbox Gaming Division
Quetzalcutlass@lemmy.world 1 day agoThere was also COVID screwing up sales projections for the last few years. People were stuck at home for months and ended up buying a ton of digital media such as games to stay sane. Executives are stupid and were somehow shocked when numbers dropped after quarantine ended and people went back to their regular lives. Since then, a bunch of projects or even entire studios have been axed due to “underperforming” because they couldn’t compete sales-wise with a period where the entire world was a captive audience.
NuXCOM_90Percent@lemmy.zip 1 day ago
It is not something people could really predict.
Games and media sales did indeed go down. But movie theatres (and a lot of live entertainment) never actually went back up. People didn’t “go back to their regular lives”. We got a new normal
Which is why trump et al are working so hard to trigger doom spending and likely another pandemic or three if rfk gets his way.
But the bigger factor is funding. Plenty of indie studios have talked about how hard it is to find funding. Because economic uncertainty means that even a 2-3 year investment is a LOT riskier than it used to be. And that is a death sentence for indie devs but also very alarming for the major publishers who have to answer to investors.
Fuck microsoft and all their bullshit. But this goes way beyond “they bought too many studios and mismanaged them”