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 nanoUFO@sh.itjust.works to c/games@sh.itjust.works
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"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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[–] tal@lemmy.today 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@lemmy.world 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.

[–] tal@lemmy.today 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@lemmy.world 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