Industry Layoffs Continue: CD Projekt Red Will Let Go 30 Employees, Joining Other Studios In The Trend
Portfolio Pulse from Franca Quarneti
CD Projekt Red, the developer behind 'The Witcher' series, will lay off 30 employees by year's end. This follows other layoffs in the gaming industry, with companies like Sony, Electronic Arts, Ubisoft, Take-Two Interactive, Unity Software, and FaZe Holdings also affected.
June 01, 2023 | 6:25 pm
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NEGATIVE IMPACT
Electronic Arts laid off 1,000 employees, contributing to the trend of layoffs in the gaming industry.
The layoffs at Electronic Arts are part of the larger trend of layoffs in the gaming industry. This negative news may have a short-term negative impact on EA's stock price.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50
NEGATIVE IMPACT
FaZe Holdings laid off employees, contributing to the trend of layoffs in the gaming industry.
The layoffs at FaZe Holdings are part of the larger trend of layoffs in the gaming industry. This negative news may have a short-term negative impact on FAZE's stock price.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50
NEGATIVE IMPACT
Sony Interactive Entertainment shut down indie developer PixelOpus, contributing to the trend of layoffs in the gaming industry.
The closure of PixelOpus by Sony Interactive Entertainment is part of the larger trend of layoffs in the gaming industry. This negative news may have a short-term negative impact on Sony's stock price.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50
NEGATIVE IMPACT
Take-Two Interactive is part of the trend of layoffs in the gaming industry.
Take-Two Interactive is part of the larger trend of layoffs in the gaming industry. This negative news may have a short-term negative impact on TTWO's stock price.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50
NEGATIVE IMPACT
Unity Software laid off 600 employees, contributing to the trend of layoffs in the gaming industry.
The layoffs at Unity Software are part of the larger trend of layoffs in the gaming industry. This negative news may have a short-term negative impact on U's stock price.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50
NEGATIVE IMPACT
Ubisoft Entertainment laid off 60 employees, contributing to the trend of layoffs in the gaming industry.
The layoffs at Ubisoft Entertainment are part of the larger trend of layoffs in the gaming industry. This negative news may have a short-term negative impact on UBSFF's stock price.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50