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Over 5,000 games industry workers have already lost their jobs in 2024
(www.videogameschronicle.com)
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this post was submitted on 26 Jan 2024
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It's the same thing that happened in tech. People got used to the near-decade of essentially free money. Interest rates were low for a long time, so easy loans, and demands to endlessly/rapidly grow. Now the free money's gone and none of them know how to exercise discretion, so they "trim the fat" of their rapid growth.