2024 Economy – Infection Podcast Episode 489

Updates on the 2024 video game economy and more on this week’s episode of Infection Podcast

• US game spending had a 5% decrease in June | US Monthly Charts | GamesIndustry.biz
• Latoya Peterson: “Studios are at the mercy of this house of cards that is the funding system that we’ve built” | GamesIndustry.biz
• Did video game investment hit rock bottom, and is it ready to go back up? | GamesIndustry.biz
• Taking layoffs too lightly | This Week in Business | GamesIndustry.biz
• IGDA calls for action on layoffs | GamesIndustry.biz
• The state of games publishing: “The era of the generalist indie publisher is over” | GamesIndustry.biz
• — LAYOFFS —
• https://publish.obsidian.md/vg-layoffs/Archive/2024
• Kotaku Australia to shut down | GamesIndustry.biz
• Shipyard Games shuts down | GamesIndustry.biz
• Payload Studios lays off 25% of staff | GamesIndustry.biz
• Embracer sales drop 24% to $754m due to tough comparisons with Dead Island 2 | GamesIndustry.biz
• Jam City lays off 10% off staff | GamesIndustry.biz
• Humble Games devs told “company is shutting down” | GamesIndustry.biz
• Armor Games Studios has seemingly laid off its publishing team | GamesIndustry.biz
• Second Wave studio Challengers Games shuts down | GamesIndustry.biz
• Galvanic Games closing down | GamesIndustry.biz
• Sumo Group closing Timbre Games | GamesIndustry.biz
• Square Enix embarking on “aggressive multi platform strategy” as profits drop 70% | GamesIndustry.biz
• Paradox Interactive profits drop 90% due to Life By You cancellation | GamesIndustry.biz
• Phoenix Labs hit by another round of layoffs | GamesIndustry.biz
• Singularity 6 laying off 36 staff | GamesIndustry.biz
• Lightforge Games lays off “majority” of workforce | GamesIndustry.biz
• Mighty Kingdom lays off 28% of staff | GamesIndustry.biz
• Square Enix is laying off employees in the US and Europe | PC Gamer
• Grand Theft Auto publisher Take-Two Interactive is laying off 5% of its workforce | PC Gamer
• Relic hit with layoffs following sale from Sega | GamesIndustry.biz
• Certain Affinity cuts 10% of workforce | GamesIndustry.biz
• Ubisoft hit with another wave of layoffs | GamesIndustry.biz
• Something Wicked reportedly hit with layoffs | GamesIndustry.biz
• Remedy revenue drops 22.2% to €33.9 million in 2023 | GamesIndustry.biz
• Kotaku editor-in-chief exits due to parent company’s new guide directive | GamesIndustry.biz
• Velan Studios announces reorganization, layoffs likely to occur | GamesIndustry.biz
• Eidos Montreal lays off 97 staffers | GamesIndustry.biz
• Discord lays off 17 percent of employees – The Verge
  • Discord cuts workforce by 17% | GamesIndustry.biz
• Playtika reduces staff by 10% | GamesIndustry.biz
• Double Loop Games shutting down | GamesIndustry.biz
• Thunderful announces restructuring that will cut 20% of its workforce | GamesIndustry.biz
• Choices developer Pixelberry Studios lays off staff | GamesIndustry.biz
• CI Games lays off 10% of staff | GamesIndustry.biz
• Report: Behaviour Interactive lays off 45 employees | GamesIndustry.biz
• Netspeak laying off 25 | GamesIndustry.biz
• 31st Union lays off “small number” of staff | GamesIndustry.biz
• Focus Entertainment’s Q3 revenue dips 43% and it announces a rebrand | GamesIndustry.biz