BIGGEST VIDEO GAME COMPANY LAYOFFS — EVERYTHING YOU NEED TO KNOW

In every industry, there have been times when a number of employees are let go either because of financial or strategic reasons like expansion or acquisition. The video gaming sector has also seen its fair share of layoffs though some were bigger than others, with the rapid rate of development in this sector, a lot of constructive decisions are being made daily in relation to budget and staff size and as such, there has been an increase in video game company layoffs.

This growing trend has put employees in constant fear knowing that at any time, they could be saying goodbye to their jobs, there have been a lot of video game company layoffs but some have rocked the gaming world because of their size and the name of the company which was involved.

ARENANET LAYOFFS

WHY IT HAPPENED

The video game makers most recognized for their role in developing the online role-playing game series, Guild Wars announced in February of this year that it was planning big layoffs. The CEO of NCSoft West, Songyee Yoon, which is the company that owns ArenaNet sent an email to employees stating that their live game business revenue was declining, also the delays in development on PC and mobile had created further drains against their revenue projects, while their operating cost in the west had significantly increased.

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Article originally published at https://gaming4.cash on August 22, 2019