After a surge of investment between 2020 and 2022, money funnelled into the video game industry from private equity sources has now dropped dramatically, back to and even below previous pre-Covid levels.as part of its Q3 2023 Gaming Industry Report show a sharp decline in investments following the second quarter of last year., who shared these graphs on social media, investment in gaming surged to $14.
78bn in 2021, and to 14.49bn in 2022. In 2023, this has now slumped to $2.09bn - around"a seventh of the investment of each of the previous two years".Many industry analysts have linked this sudden drop in investment with the swathes of layoffs that have affected the industry over the last 12 months., with 100 people reportedly impacted. That's approximately eight percent of its once 1200-strong workforce.