For more specific details on the Epic news: https://www.ign.com/articles/fortnite-maker-epic-games-laying-off-870-employeesFIND ME:Patreon: https://www.patre...
Same title as the video. Game dev writer Alanah Pierce offers her POV on the recent layoffs from Epic Games.
This is one of the few industries that consistently and continuously posts record profits while also firing everyone who put in the work to make the success possible.
Also layoffs temporarily raise the stock price, it’s probably more costly in the long run… but who cares as long as the numbers go up for a bit and everyone gets bonuses.
Especially when you’re mostly stock compensated. Just make the numbers go up long enough to see your share prices soar, browse around for a different job in the meantime. Sell your stocks at a high, exit the company as it implodes behind you. Rinse and repeat.
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Also layoffs temporarily raise the stock price, it’s probably more costly in the long run… but who cares as long as the numbers go up for a bit and everyone gets bonuses.
Ironically, that’s the motivation with which I play many games.
Especially when you’re mostly stock compensated. Just make the numbers go up long enough to see your share prices soar, browse around for a different job in the meantime. Sell your stocks at a high, exit the company as it implodes behind you. Rinse and repeat.
Then later they do big hiring sprees as part of investing in making bigger games, and stocks rise.