this post was submitted on 16 Mar 2024
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Something Wicked Games (ex Bethesda veterans) laid off most of it's staff (www.linkedin.com)
submitted 9 months ago by [email protected] to c/[email protected]
11 comments fedilink hide all child comments
 

"Heartbreaking news today as Something Wicked Games had to lay off most of their staff. As someone who has been in the industry for nearly 25 years, I understand the challenges of finding a new position during these tough times. I specialize in human and creature locomotion and Mocap, with some key framing experience as well, and animation team leadership. If anyone has any leads or opportunities, I would greatly appreciate it. Thank you all for your support."

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[–] [email protected] 11 points 9 months ago* (last edited 9 months ago) (1 children)

NuScale had a nuclear power plant project in the US that got clobbered too, when interest rates shot up. Nuclear power plants require capital up front and pay out over a very long term period of time, so interest rates play a big role in what their return is.

I suspect that you could look at any field that requires a lot of up-front capital and a return that only shows up years later and be seeing stuff like this. Game development is just something that this community happens to (unsurprisingly) pay attention to.

Also, I don't know how much of a factor this is, but for games, I've seen consumer spending listed as being a factor. During COVID-19 lockdowns, a lot of people stayed inside and alone. Gaming spending went way up. That ended, spending dropped.

I've also seen inflation listed; inflation has put pressure on consumer spending and games are an easy luxury to reduce spending on.

[–] harry_balzac 3 points 9 months ago (1 children)

It's not inflation - it's price gouging by corporations. Wages aren't going up nearly as quickly as corporate profits.

[–] [email protected] 4 points 9 months ago* (last edited 9 months ago) (1 children)

It’s not inflation

It's definitely inflation. Normally, we see around 2% annual inflation.

Here's what it's done recently in the US:

https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category-line-chart.htm

It's not as bad as it was in 2022 and early 2023, but it's still high relative to the norm.

That's not necessarily bad; it was in significant part driven by the Federal Reserve holding rates down during COVID-19. If that hadn't happened, there might have been a recession, lot of people losing jobs back then.

[–] xkforce 2 points 9 months ago

And then 5 trillion more were dumped in by congress. Half during the Trump admin and almost that much under Biden's