Record job losses despite an industry on the rise - what's going on in UK gaming?

  • 📰 SkyNews
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 67%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

In the last four months alone, more than 8,000 people who make video games have lost their jobs around the world, including in the UK. At the same time, our games industry is growing - so what's going on?

'I had just woken up and I got an email that said, 'We're going to have a company-wide meeting'. I knew right away.' James, not his real name, was visiting his family earlier this year when he saw the message. 'I started thinking about everything I was set to lose.' He had worked as a game designer at one of the UK's biggest video game studios for nearly a decade. It was a job he loved and had dreamt of since he was nine years old.

So what's going on? One expert, George Osborn, who writes the Video Games Industry Memo, said there are three problems at play; COVID, delays in publishing games, and the cost of living crisis. 'The video games industry has been hit by the COVID effect later than everyone else,' he said. During COVID, when people were shut in their houses with nothing to do, video game sales soared. In just one year, the industry brought in 21% more money around the world, raking in £27.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 35. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Abingdon Street Market to host its second record fairInertial Sounds Record Fair Returns to Abingdon Street Market, Blackpool, Coinciding with Record Store Day
Source: leponline - 🏆 50. / 63 Read more »