Mass layoffs happen for all kinds of reasons, be it because of a bad financial bet, a failed game, a deal falling through, poor planning, or any number of other things.
Microsoft just posted the third quarter of its 2024 fiscal financial results. The software maker made $61.9 billion in revenue and a net income of $21.9 billion during Q3. Revenue is up 17 percent, and net income has increased by 20 percent.
Xbox content + services up 62% while hardware down 31%... seems about right with the way they tout you don't need the hardware to play. People can play on their phones or smart tv or other means. I don't hardly play on my consoles directly since getting devices like the logitech g-cloud and ps portal. Which is to also say I have been playing more digital than physical because of these devices.
Too expensive hardware when others offer the same or more for less? Good work, Green Team.
"Despite some early successes for Xbox games on rival platforms, Xbox hardware is down by a massive 31 percent this quarter."
"Without Activision Blizzard, Microsoft’s overall gaming revenue would have actually declined this quarter."
"Xbox content and services would have only been up a single percent without Activision Blizzard..."
"It looks like next quarter is going to be a similar story for gaming at Microsoft, too."
That is crazy... so A/B/K is carrying the whole Xbox gaming.
Oh and Microsoft will be fine. Windows, Office and Cloud are growing with each pc purchase.
As of right now, there are no monopolies in the games industry, and for the sake of the medium as a whole, they never should either.
And yet the biggest tech companies in America are essentially that. They buy up all the small comps only to kill them off and steal what they have, and if they can't buy em they bleed them to death.
They buy IPs not talent. That's why these buyouts never work and the IPs die. Right now it's too expensive to develop games - but I expect that to shift maybe as AI tools can make it easier. The best games have been indie games for awhile as big developers fuck their ips to death with "games as a service" -
On Amazon, you can't get an RTX 4090 for less than this one from Gigabyte, which now offers great value after an eye-catching April deal.
Fuck these people. They made way too much money and deserved to be laid off. Lie in a gutter or go fucking work a retail job.
"Both times I felt incredibly gutted," one person said. "The first time, it felt like a reality of capitalism that I was expecting, but the second being so close to the first, it was like, 'We really are just cogs in the machine.'"
Being a cog in a machine is almost every job in a corporate workplace.
The f*** is the matter with the comments on here? What the f*** is the matter with you people?
Stop excusing everything away because “capitalism”. It’s the same bs when you people say “it’s just business it’s not personal”.
Like, somehow saying this quote excuses every bad behavior in the world when at its core this phrase is just your excuse for being a big piece of s*** because “money” is your God. I am so sick of listening to you a**holes come on comment sections acting like everyone else is stupid besides you. We ALL get it dips***s, it doesn’t make it better and it sure as hell STILL doesn’t make sense. Why don’t you people have any compassion? Are you sociopaths? Is that too big of a word for you?
Sorry but this latest generation of game developers are simply not good enough. The talented people are now in upper management or even retired.
Thai latest generation just wanna get paid a shit load for doing bang average work.
It sucks they are struggling, but as their coworkers were getting picked apart, they did nothing but step in and get that money, and now it's their turn. The same way they took a spot from someone else is the same way they are going to be replaced.