Lots of talk about the "pandemic boom" but not one mention of rising interest rates which I'd wager is a bigger part of the equation seeing as how #Layoffs are affecting more than just the #VideoGames and #Tech industries. When you live through the better part of 15 years with near 0 interest rates, borrowing so cheaply, then #InterestRates rising again is inevitably going to have an effect. It is very likely that these companies over leveraged themselves on cheap credit and are now feeling the pinch.
What is going on with layoffs in the video games industry?
@paulthenerd end of ZIRP is one factor, but also CEOs wanting to juice the stock with layoffs - easier to do it when everyone does it, so you have a domino effect.
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