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Why is the video game industry in crisis? (sh.itjust.works)

submitted 6 months ago by Zeppo@sh.itjust.works to c/outoftheloop@lemmy.world

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I keep hearing about layoffs, studios being closed and how the industry is troubled. Are companies losing money and sales are poor, or is it the same as Google and other companies laying off people just to pump their stock price and make money despite profitability?

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[–] Jaysyn@kbin.social 3 points 6 months ago

A lot of it can be traced back to when the easy money from Silicon Valley Bank dried up after it's collapse.

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