Greed
this post was submitted on 09 Feb 2024
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Capitalism.
Maybe they overhired when we had "cheap" money in 2021.
Because they would like to be the $360bn games industry.
Industry figures indicate employment in IT is still above pre-covid levels. Companies over-hired and are normalising. We’re not seeing this labour activity in most other sectors. There’s no reason to panic.
Unless your a developer
That's one way to look at it, if you're looking to downplay the human impact. The way I look at is these companies had a short sighted hiring spree and now thousands of people are without income and can't just get a new job as the industry is laying off everywhere. That seems like a reasonable source of panic for the people with no income and not a lot of prospects.
Workers are numbers
Because it's about greed, not culture. And anything having to do with culture has itself been traditionally appropriated by greed anyway.
Why is it that in my own experience Atlus and Nintendo are the only two companies that provide fun games that run with little to no issues and meanwhile every single other triple A company doesn't anymore? Look at both of them, Persona 3 Reload, Mario Wonder hell even indie games like Palworld are more fun to play. Wtf is wrong with the gaming industry nowadays?
Nintendo isn't really pushing the envelope on, well, anything and they are basically the Disney or Apple of video games with hordes fans who can see them doing no wrong.
Nintendo is not exempt from this.
Pokemon...
Both those companies have the advantage of owning a ton of beloved IPs and Nintendo releases a lot of stinkers as well.
Atlus is Sega, though
Why spend millions on QA, delaying games, etc when people buy millions of copies regardless? You get an influx of cash that can sustain further development. If the game sells badly, you saved millions when you sunset the game without fixes. If not, you fix stuff, add content that was meant to be in the game and diehards love it.
People aren't patient and they buy the next big thing. They don't want to play a game half a year after release, they want it now. They want fifa 24 or whatever it is, not 22. You wait on Baldur's Gate 3 - you got to play an excellent game way after everyone. What if the next Call of Duty is as good as BG3 was?
Obviously we all know that won't be the case, but if gaming is what you do for an hour every week, you probably won't do a lot of research.
Exactly I waited 6 months for Persona 3 Reload and I am very happy with my purchase just like I was with FES/Portable. These companies need to do better
I had a shower thought this morning:
At a certain point in capitalism, a wealthy person can get enough money to live comfortably the rest of your life. If you decide to continue to grow your wealth from there, you're essentially not just making money for yourself, but so others can't have it.
I have a feeling that number is well below a billion, but I'm no economist.
It's to keep score.
It's super gross.
Also power.
Nearly all social animals would be punished in some way for hoarding resources from the group. Between loss of social status all the way to being killed. Our closest relatives like apes straight up murder individuals that do this.
It's a mental illness. We'll probably find out it was caused by lead or micro plastics if our species survives this time.
For now. I believe the correct call to action involves guillotines. We can dial it back if things get better.
There was a study from 2010 that said that the happiness already plateaus somewhere around 75k annually. But more recent studies suggest that for some people, more money means more happiness well beyond that, and for some it doesn't. Basically, if you're generall an unhappy person, money doesn't help much. https://penntoday.upenn.edu/news/does-more-money-correlate-greater-happiness-Penn-Princeton-research
But I agree that owning more than 1 billion (or even 100 million) is just useless hoarding, since no one can spend that much money in a lifetime (at least without decadent spending for spending's sake).
But you miss that having the money isn't necessarily the point they have power and control over resources people and machines as well as influence in government
I would argue that all those things are even more likely to not make you happy.
Unless you already have a tendency towards psychopathic behaviors, the they probably
(not a psychologist)
Also not a psychologist, but attended a four hour lecture on psychopaths recently (out of interest). I don't think happiness as a concept exists for actual psychopaths, because they don't really feel emotions the same way.
Because lethal company is a much more fun game than anything the big guys are putting out and it only costs 10 bucks
Top heavy teams suffer the problem of play it safe don't innovate mentality. Especially if a publisher is pulling the strings.
Same with Battlebit, that's $15.
It's annoying seeing people buy the same copy paste games from AAA companies then complain that games aren't good anymore. Like no shit, you just preordered it without even looking at a review
I'd recommend watching this
Got a TL;DW? Shits over an hour long fam
There's a hype cycle that companies like MS ride to bolster stocks, during the hype they over hire to give investors the impression that they are doing really well, when the hype starts to fall, they use layoffs to inch out a bit more, because it shows investors that they're slimming down now that the hype is falling off. One of the interesting things he mentioned is that the hype is more important than the product, the product is just there to increase the hype and justify the hiring, showing investors that something great is on the way.
Here is an alternative Piped link(s):
https://piped.video/-653Z1val8s
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I'm open-source; check me out at GitHub.
Might sound like a bit of a conspiracy theorist here, but if all of the big tech companies lay off people at the same time, why could they not hire their recently laid off competitors for a fraction of the cost?
Obviously it drives down the cost of the salaries and lowers the average hiring rate. Huge wins for all these massive companies.
And to prove that they all did this "together" when they all did it a few weeks apart will be rather difficult too.
Maybe that's just me thinking from both corporations and employees side at the same time, though...
As another poster said, those of us in tech generally get a significant pay bump, significant. Hell, that goes for most people with skills and experience.
I've preached before on here, move on, keep moving on.
Why would it? I usually get a pay raise when I get a new job.
What's actually going on is they're massaging the numbers a bit to get investors to invest more. Salaries aren't the concern here, it's just a game of staying on the investing trends to get the most investor capital they can. Employees are just caught in the crossfire.
Have you done this from a position of not having a job in tech though? Having thousands of other employees also vie-ing for that same position with equivalent experience or better?
If you have obligations any job is better than no job from a position of no job, no pay.
Yup. I lost my job at the start of COVID in tech and found a new one with a better salary. I had a house, wife and kids, and I was the sole bread winner. It took several months, but I had cash reserves and found a good position at a good company (I was a bit picky).
I wasn't part of a huge layoff, but a lot of people were looking for jobs at the same time due to shifting markets. My old company was downsizing due to market shifts, and the new company was expanding due to unrelated, company-specific reasons.
That's illegal.
Line need go up more
Where u get MBA?
You don't need an MBA to know that the goal of a large business is to deliver profit to its investors and that this can be accomplished by cutting costs.
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