this post was submitted on 26 Jan 2024
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[–] bappity@lemmy.world 37 points 1 year ago (9 children)

all because higher ups gave themselves too many millions in bonuses and didn't care to do their jobs properly

[–] c0mbatbag3l@lemmy.world 5 points 1 year ago (6 children)

It's more due to AI and/or the expectation of automation being able to reduce the workforce before that actually gets set up functionally. Also that tech companies are doing it to try and kick back against people demanding their wages increase with cost of living, so game devs are piling onboard with layoffs for the same reason.

[–] cyclohexane@lemmy.ml 15 points 1 year ago

The layoff wave started way before the AI hype. It is more tied to interest rates imo.

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