Posted by Lesbian Gamers
Out of an interesting conversation with a friend comes this question. Said friend has been made redundant in a firm she’s worked in for over a decade, gaining a good position. Like many firms around the world they’re laying off people in droves due to “the credit crunch”. This obviously has leaked over into gaming.
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Credit crunch or excuse to sack the higher paid employee?
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Out of an interesting conversation with a friend comes this question. Said friend has been made redundant in a firm she’s worked in for over a decade, gaining a good position. Like many firms around the world they’re laying off people in droves due to “the credit crunch”. This obviously has leaked over into gaming.
Rumor has it EA are about to bring the axe down on various jobs, Sony too. Quite a few smaller game developers are either shaving off staff or closing altogether. The thing is, as was pointed out by the conversation earlier held, some companies seem to be laying off people despite huge profit margins. So, is it smart preemptive action, or is there a more nefarious reason for some layoffs?
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In California, companies with more than 75 employees have to give a public notice of 60 days prior to layoffs. EA was one of the surprising companies to show up on the public list available at http://www.mercurynews.com/ci_11163406?source=most_viewed
This is odd, since a report came out recently that video game sales were up in November in the US, despite the financial meltdown.
Go figure.
Now that I think more about it, it seems that the commercial real estate credit bubble now also bursting may in fact have a real affect on companies that bought up real estate in the dot come boom when they were expanding, only to find that those commercial mortages are now overpriced in the real estate bust.