Halfway through the year, video game layoffs already surpass 2023 numbers

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Layoffs in the video game industry have already topped last year's numbers, with more than 11,000 jobs lost so far.

2023 was a tumultuous year for the video game industry. Microsoft bought Activision Blizzard King for $69 billion in the biggest gaming acquisition in history, actors authorized a strike over threats of the use of artificial intelligence and more than 10,000 game developers were laid off.

Picht is the producer and host of "Next Level," Scripps News' documentary series about the intersection of video games and society. Analysts at the video game industry data company Newzoo told Scripps News:"While the unfortunate reality is that periods of growth and shrinkage are cyclical to many industries, the scale of job losses in games last year and this year is worsened due to circumstances unique to the industry."

 

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