this post was submitted on 13 Feb 2024
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[โ€“] swordgeek@lemmy.ca 30 points 9 months ago (1 children)

There's a lot of siloed misinformation here.

  • it's not because of a slowdown in the industry
  • It's not because of poor game releases/sales.
  • It's not because companies grew too much/quickly.

FURTHERMORE...

  • It's not just gaming.
  • It's not just IT as a whole.
  • It's everywhere.

This has nothing to do with performance or the economy, and everything to do with late stage capitalism. Companies have a round of layoffs just to bump up their year end statements. Worse yet, they then proceed to hire people back for less money.

It's money-grubbing evil, no more and no less.

[โ€“] GlitterInfection@lemmy.world 7 points 9 months ago

While what I think you're trying to say is true, in that this isn't a accidental misfortune of one industry and instead is a commonly used feature of the current system I do think it's worth noting that you aren't correct on a detail.

Right now layoffs are happening in tech, media, and finance but many other industries adding jobs. There's a net positive of jobs added vs these layoffs right now.

None of those jobs would hesitate to lay those people off for a dollar I'm sure. So saying it's everywhere is true in a sense but misleading in another.