At least 9,000 video game workers were laid off in 2023. Epic Games, Ubisoft, Embracer Group, Hasbro, and EA lay off people to compete. Xbox, Bungie, Amazon, CD Projekt Red, Naughty Dog, BioWare, Sega, Unity, and Activision Blizzard also encountered troubles.
In 2023, layoffs and significant changes hit almost every industry. Over 9,000 workers were laid off globally. These corporations cut jobs drastically to compete in the market.
Epic Games laid off 870 employees (16%), in September. CEO Tim Sweeney blamed financial troubles on the company’s overspending.
Ubisoft, which makes Assassin’s Creed and Far Cry, may have fired 124 people. A business restructuring and reorganization approach.
Embracer Group reformed in 2023 after obtaining The Lord of the Rings gaming studios and IP rights. The company closed three studios, canceled many projects, and laid off over 900 workers after a bad investment plan.
The gaming company Hasbro lay off 1,000 staff this year. Much of Baldur’s Gate 3’s team worked with Larian Studios.
Electronic Arts (‘EA’) laid off 780 workers, or 6%.
Many other companies sacked long-term workers. Microsoft, Bungie, Amazon, CD Projekt Red, Naughty Dog, BioWare, Sega, Unity, and Activision Blizzard laid off and restructured in 2023.
Conclusion
Over 9,000 video game workers were laid off worldwide, making it a challenging year for industry executives. At least 9,000 video game workers were laid off in 2023. Epic Games fired 870 employees, 16% of the workforce. Ubisoft laid off 124 employees during a reorganization. Embracer Group, which bought gaming companies and Lord of the Rings IP, restructured after a disas trous investment strategy. Hasbro laid off 1,000 staff, including most of Baldur’s Gate 3. EA laid off 6% of personnel.
