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

submitted 4 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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[–] Habahnow@sh.itjust.works 1 points 4 months ago

I don't mean that expenses are higher than revenue, just that expenses are higher relative to revenue than these companies would like. This is a bear market, they need to prepare to withstand the bear market until things look better.