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What's up with all the layoffs in the technology sector, especially in the gaming industry? (self.outoftheloop)

submitted 9 months ago by ComicalMayhem to c/outoftheloop

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Sony announced a ton of layoffs recently, at the same time they announced they will not be releasing any major titles until 2025. Don't they need staff to make stuff? doesn't every company? Why all the sudden layoffs, it just doesn't make sense to me, what am I missing?

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[–] slazer2au 9 points 9 months ago (1 children)

Couple causes, and not just gaming. It is happening in most tech orgs.

During the pandemic most tech companies did large hiring sprees to bolster their IT staff to assist the remote workers and increased customer base as more were spending money on digital goods.

Now that the world is returning to normal, the amount that people are spending on digital goods has gone down so they are laying off people.

[–] TubularTittyFrog 1 points 9 months ago (1 children)

and on the flip side... restaurants, travel, and hospitality is desperate for workers due to the huge uptick in demand.

[–] slazer2au 1 points 9 months ago

Those industries tend to get the short end of the stick when it comes to labour laws.