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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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[–] [email protected] 27 points 9 months ago* (last edited 9 months ago)

This is the correct answer.

https://www.smartcompany.com.au/industries/information-technology/sack-google-staff-pay-tech/

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