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Media report: The year 2024 will be the year of studio closures, and we will witness two stressful years for the gaming industry

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The year 2023 witnessed an unprecedented wave of employee layoffs in the history of the gaming industry, and it seems that what is coming will be something for the industry. According to a report by the GI.biz network, the year 2024 will be the year of the closure of a large number of development studios.

Through multiple interviews with executive heads of many publishing companies, if the year 2023 was difficult with the layoffs of employees, then the year 2024 will be more difficult with the closure of many development studios. The matter will not stop here, as expectations indicate that this wave of layoffs and studio closures will continue until the year 2025.

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