Xbox claims mass layoffs were the outcome of a ‘concerning’ lack of industry growth
Xbox claims mass layoffs were the outcome of a ‘concerning’ lack of industry growth
Microsoft recently announced plans to cut 8% of employees at its gaming division…
I call BS.
Is no growth really as bad as these business types claim? Or is it just limited to publically traded companies?
No growth would be fine in any normal head for a company that is making that kind of absurd amount of money anually, for capitalist investors tho they dont want money, they want more money each year and all the money everyone has.
No growth is bad for the investors/stakeholders who make money from that growth, so the issue is probably more pronounced in public companies, but definitely not limited to them.
The whole point of investing is to get a return on the money invested. The reason you choose to put money into one investment over another is you expect to have a higher rate of return than the alternatives.
If a company comes out and says, "We don't plan to grow and, by the way, you shouldn't expect a return on your investment" then people will pull their money out and invest elsewhere. As soon as that happens the company goes belly up because they're all leveraged against their stock.
These companies can still provide a return on investment without growth (just maintaining profit margins will do that) but nothing happens in a vacuum. If there's an alternative investment that is growing and producing more return, people will put their money there instead.
Corpo speak translation: we're making boatloads of money off micro transactions and the investors as well as executives wanted a few more olympic swimming pools filled with money.
Mhmm 9/10 of the games released nowadays are shovelware tier games pumped with mtx and people are refusing to buy them until you make good games again but the industry has no “growth”. The answer is written on the wall.
Do they really expect that ppl buy MORE stuff when they make everything even more expensive? I was someone that bought an xbox and ps and switch and so on. But no, seeing the prices of consoles, games and now with fucking subscription models that are probably going to replace a physical disks, i stick to 1 console. And if i cant even buy a disk anymore and am dependent on a fast internet, I quit buying games and consoles and just play my old stuff. Same with software and subscriptions. I buy it because i get lifetime updates (like logic pro or fruityloops) or i actually buy a license and not per month. Or i pirate. Enough is enough.
Oh and if it is digital only you better fucking hope the game is still available after a year or so because maybe they deleted it because, well fuck you thats why.
Buy? Pffft, why sell stuff when you can force everything to be subscriptions!
Sarcasm aside, I've always enjoyed being a PC gamer because it's always been an "open" platform. Easy to pirate, easy to create and sell stuff for it (gfx card driver issues notwithstanding), no need to pay for and lick the owner's balls to even get a developer license.
Although Steam has monopoly power in the PC landscape, GOG exists and I always prefer buying stuff there, so I can have offline backups of any games I desire.
No.
A 3 trillion dollar plateau is still losing.
Business discover consumers have limited disposable income and sometimes markets grow to saturation. Businesses failing to understand that different market strategies can be applied to the different stages of growth.
You'd think these industry leaders would understand about business...
Seems it's been overtaken by grifters promising the world and investors being absolute naive mugs.