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A video game developer predicts 2024 will be the year studios close

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Last year was very difficult for developers, with many losing their jobs and many studios and development teams closing. Signs of this dilemma are still looming at the beginning of this year. According to a developer familiar with the video game industry, this year won't be without closures either, and it will be worse. Since last year.

According to the developer Farhan Nour Anyone who has been closely informed about the news of the video game industry and layoffs of developers in their jobs, and through the Videogameslayoffs website, this year and the next will also be much more difficult, as we will see more studios closing and we will hear about the layoff of many developers leaving.

Hilarious It was stated that the actual number of developers who lost their jobs last year due to layoffs, layoffs, or even studio closures is approximately 10,000 developers, not the previously reported 7,000. It also stated that 3,000 developers will lose their jobs by the end of January.

Speaking anonymously to Gamesindustry, leading figures in the gaming industry warned that there will be more developer layoffs this year due to difficult circumstances and investor concerns. They said:

“If 2023 was the year of layoffs, then 2024 is the year of closures, and that will include not just developers, but also media, major publishers, and others.”

Someone also says that there are many unprofitable games and businesses in the gaming world, and the reason for the current difficulties and what will happen next is due to the versions we saw during the pandemic, and that it will take us almost two years to emerge from them and recover. Hours ago, a source spoke about the layoff of approximately 350 developers from the Valorant development team at Riot Games, the equivalent of 11% of the team's staff, for more details.