Asha Sharma Appointed as Advisor to the US Federal Reserve
Asha Sharma has been appointed as an advisor to the US Federal Reserve on a task force studying the economic impacts of emerging technologies.
Layoffs & Studio Restructuring
This section collects news reports on workforce reductions, studio closures, and corporate acquisitions across the gaming and entertainment industries. It also covers executive leadership changes, project cancellations, and labor disputes or internal crises affecting major publishers.
31 articles
Bloomberg Reveals Xbox's 20% Layoffs Stem from Massive Losses Over Past Decade
A Bloomberg report reveals that Xbox's massive layoffs and studio restructuring were driven by nearly 80 billion baht in cumulative losses over the past 10 years.
Xbox Announces Major Restructuring and 3,200 Layoffs Under CEO Asha Sharma
Xbox CEO Asha Sharma has announced a major restructuring plan that includes laying off 3,200 employees and spinning off several internal studios.
Xbox Reset: Microsoft Reportedly Planning Layoffs of Over 400 Staff Across 5 Studios, Including State of Decay 3 Team
Microsoft reportedly plans to lay off over 400 employees and potentially sell or close five studios, including State of Decay 3 developer Undead Labs.
Gang of Dragon Developers Depart Nagoshi Studio Following NetEase Funding Cut
Key developers have left Nagoshi Studio following NetEase's decision to pull funding for Gang of Dragon, leading to office closures.
Cover CEO Yagoo Returns to Direct Talent Management to Restore Hololive Fan Confidence
Cover Corporation CEO Motoaki Tanigo (Yagoo) takes direct charge of talent management to strengthen VTuber support and rebuild fan confidence.
Cygames Acquires VFX Animation Studio Griot Groove, Co-Developer on Final Fantasy VII Rebirth
Cygames has acquired Griot Groove, a Japanese 3DCG and VFX studio known for working on Final Fantasy VII Rebirth, to boost its video production capabilities.
Over 44% of Laid-Off Game Developers Likely to Leave the Industry, Report Finds
A Skillsearch report reveals that 44% of laid-off game industry workers plan to leave the gaming sector entirely due to ongoing job cuts and industry instability.
Anime Studio KAI Reports Over 500 Million Yen Net Loss
Studio KAI, known for Fuuto PI and Umamusume: Pretty Derby, has reported a net loss of 565 million yen, raising industry concerns.
Doom and Wizardry Creators Say Games Industry Is in a Worse State Than the 1983 Crash
John and Brenda Romero believe the current gaming industry crisis is worse than the 1983 crash, citing widespread studio closures and sudden project cancellations.
Former Overwatch Director Jeff Kaplan Reveals He Left Blizzard Due to Executive Pressure for Profit
Former Overwatch director Jeff Kaplan revealed he left Blizzard after executives pressured him to maximize profits, threatening massive layoffs if targets were missed.
NetEase Reportedly Pulling Funding for Gang of Dragon, Nagoshi Studio Faces Closure
NetEase is reportedly pulling funding from Nagoshi Studio's Gang of Dragon over high development costs, putting the Yakuza creator's project at risk of cancellation.