Record job losses despite an industry on the rise - what's going on in UK gaming?

'I had just woken up and I got an email that said, 'We're going to have a company-wide meeting'. I knew right away.' James, not his real name, was visiting his family earlier this year when he saw the message. 'I started thinking about everything I was set to lose.' He had worked as a game designer at one of the UK's biggest video game studios for nearly a decade. It was a job he loved and had dreamt of since he was nine years old.

So what's going on? One expert, George Osborn, who writes the Video Games Industry Memo, said there are three problems at play; COVID, delays in publishing games, and the cost of living crisis. 'The video games industry has been hit by the COVID effect later than everyone else,' he said. During COVID, when people were shut in their houses with nothing to do, video game sales soared. In just one year, the industry brought in 21% more money around the world, raking in £27.

Source: News Formal (newsformal.com)

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