News

Gaming Industry Closures Have Led To 1000 Lost Jobs

Gaming Industry Closures Have Led To 1000 Lost Jobs

This time last week we were hit by the bombshell news that TellTale Games had effective gone into shut down mode. Over 90% of the staff were laid off leading a skeleton crew of about 25 people left to finish off a Netflix Minecraft adaptation currently in the works. Given that Telltale Games had a staff of around 250 people at one stage. This kind of puts things into perspective as to how many people a game studio closure can affect.

Well, in a report via GamesIndustry, it seems that workers across scene have been suffering. It is suggested that around 1,000 people, who used to work in the games industry, have been made redundant due to closures in the last year alone. That’s rather a lot of people when you consider these are mostly ‘smaller’ studios.

Companies Shutting Down

Aside from Telltale Games, notable inclusions of studio shutdowns are Gazillion Entertainment and Visceral Games. The latter came as EA announced it was canning the Dead Space franchise after the third instalment had exceptionally poor sales. It is, however, a matter that raises concerns and certainly questions. Are studios simply being badly run?

Badly Run Studios

I’ve personally made no secret of the fact that I think Telltales failure was everything to do with bad management and over-expansion. The company had a success and simply squandered the money on lesser successes. I think, however, this is an issue in the lower end of the industry as a whole. Studios make a game, it does well, they hire staff but fail to follow up on their initial successes.

I think ultimate it indicates the difficulty of a small studio transitioning to a big one. That middle ground, where you can’t afford failures, is a clearly dangerous territory.

What do you think? – Let us know in the comments!

Mike Sanders

Disqus Comments Loading...

Recent Posts

DeepCool Launches ASSASSIN IV VC VISION CPU Cooler

DeepCool has just announced the ASSASSIN IV VC VISION CPU cooler, the latest in its…

2 hours ago

Antec Performance 1 M Aluminium ITX Gaming Case Available Next Month!

Antec has just introduce the Antec Performance 1 M Aluminium ITX Gaming Case, which they…

6 hours ago

Has Inno3D Leaked New NVIDIA RTX 5090 Features Before CES 2025?

INNO3D may have just given us a sneak peek at NVIDIA's next-generation graphics technology ahead…

6 hours ago

PlayStation Exclusive Games Reportedly Heading to Xbox Next Year

Xbox continues to bring some of its "exclusive" titles to rival platforms, including Sony's PlayStation.…

15 hours ago

Lords of the Fallen Sequel in Full Production with 200 Developers

Lords of the Fallen recently marked its first anniversary and is in far better shape…

16 hours ago

Final Fantasy 7 Rebirth Director Urges Modders to Avoid Offensive or Inappropriate Mods

The director of Final Fantasy 7 Rebirth is calling on fans to refrain from creating…

16 hours ago