Gaming Industry Layoffs Continue: SEGA's Relic Entertainment Announces 121 Job Cuts
Portfolio Pulse from Franca Quarneti
SEGA's Relic Entertainment announced the layoff of 121 employees, joining a growing list of tech companies initiating significant layoffs. Several other gaming companies have also reported job cuts this year, including Unity Software, Electronic Arts, Ubisoft, Take-Two Interactive, Tencent's Riot Games, and Meta Platforms.
May 24, 2023 | 9:41 pm
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NEGATIVE IMPACT
Electronic Arts reported 1,000 job cuts, which may negatively impact the company's short-term performance.
The job cuts at Electronic Arts could lead to a temporary decrease in productivity and potential delays in projects, negatively impacting the company's short-term performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
FaZe Holdings reported job cuts, which may negatively impact the company's short-term performance.
The job cuts at FaZe Holdings could lead to a temporary decrease in productivity and potential delays in projects, negatively impacting the company's short-term performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Meta Platforms reported 10,000 job cuts, which may negatively impact the company's short-term performance.
The job cuts at Meta Platforms could lead to a temporary decrease in productivity and potential delays in projects, negatively impacting the company's short-term performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
SEGA's Relic Entertainment announced 121 job cuts, potentially impacting the company's short-term performance.
The layoffs at Relic Entertainment, a subsidiary of SEGA, could negatively impact the company's short-term performance as it restructures its organization. This may lead to a temporary decrease in productivity and potential delays in projects.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Tencent's Riot Games reported 46 job cuts, which may negatively impact the company's short-term performance.
The job cuts at Tencent's Riot Games could lead to a temporary decrease in productivity and potential delays in projects, negatively impacting the company's short-term performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Take-Two Interactive has also reported job cuts, which may negatively impact the company's short-term performance.
The job cuts at Take-Two Interactive could lead to a temporary decrease in productivity and potential delays in projects, negatively impacting the company's short-term performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Unity Software reported 600 job cuts, which may negatively impact the company's short-term performance.
The job cuts at Unity Software could lead to a temporary decrease in productivity and potential delays in projects, negatively impacting the company's short-term performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Ubisoft reported 60 job cuts, which may negatively impact the company's short-term performance.
The job cuts at Ubisoft could lead to a temporary decrease in productivity and potential delays in projects, negatively impacting the company's short-term performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50