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Xbox president: Studio closures will ensure 'business is healthy for the long term'
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this post was submitted on 10 May 2024
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What's healthy for the business long term isn't healthy for the customer. Remember that.
I really hope these developers create new independent studios and if they ever get offered a big bag of money, they will remember what happened last time. Maybe they will be smart enough to create worker owned studios and not waste huge salaries on useless CEOs.
If I ever run a successful company, I am never taking it public, and I hope that I will never accept a sum of money that more than doubles our assets.
I’ve worked in the startup world and seen too many companies fail in all but name when they receive investment money. It really sucks the soul out of a company.
I wish more people would create worker owned cooperatives. They might be more resilient and might even be more productive. Of cause the downside is that they don’t make one person very rich.
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8206912/
https://www.researchgate.net/publication/247750384_Cooperatives_Worker-Owned_Enterprises_Productivity_and_the_International_Labor_Organization