adamsapple
Or is it just one of Phil's balls in my throat?
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Schrier also corroborates.
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Layoffs are a part of the business. No one is immune. Sucks but they are a necessary evil in order for business to remain in business. Highs and lows.Companies shouldnt be allowed to buy other companies for $3.2 billion only to lay them off months later.
If you cant afford to pay these employees, you clearly dont have enough cash to support them. We should make laws to limit layoffs at acquired companies for at least 5-10 years. I cant go out and sign a contract for a 12 months of lawn services then cancel it because i couldnt afford to pay people to mow my lawn anymore. if i dont pay my outstanding bill, it gets sent to collections. Maybe sony, ms, tencent and embracer consolidating the industry should be held to the same standards.
Companies shouldnt be allowed to buy other companies for $3.2 billion only to lay them off months later.
If you cant afford to pay these employees, you clearly dont have enough cash to support them. We should make laws to limit layoffs at acquired companies for at least 5-10 years. I cant go out and sign a contract for a 12 months of lawn services then cancel it because i couldnt afford to pay people to mow my lawn anymore. if i dont pay my outstanding bill, it gets sent to collections. Maybe sony, ms, tencent and embracer consolidating the industry should be held to the same standards.
I am not a Destiny guy, but I thought it was a massively popular game. Is that not the case?
Of course they dont give a fuck.Games as a Service is crashing and burning. You have 5-6 games at the top that dominate and the rest just fall into oblivion. These high level execs know this and don't give a fuck... they'll just keep throwing bodies at it hoping they hit the Fortnite lotto too and there is very little consequence for them if they fail.
As I always said 99% of GAAS service won't retain a player base. It's literally impossible.Games as a Service is crashing and burning. You have 5-6 games at the top that dominate and the rest just fall into oblivion. These high level execs know this and don't give a fuck... they'll just keep throwing bodies at it hoping they hit the Fortnite lotto too and there is very little consequence for them if they fail.
Why do we get these kind of threads each and every day now ? Does it come as a suprise that the economy is fucked up right now and companies need to fire staff?
Companies shouldnt be allowed to buy other companies for $3.2 billion only to lay them off months later.
If you cant afford to pay these employees, you clearly dont have enough cash to support them. We should make laws to limit layoffs at acquired companies for at least 5-10 years. I cant go out and sign a contract for a 12 months of lawn services then cancel it because i couldnt afford to pay people to mow my lawn anymore. if i dont pay my outstanding bill, it gets sent to collections. Maybe sony, ms, tencent and embracer consolidating the industry should be held to the same standards.
Exact same as the MMO boom / bust. People can make compelling MMOs but at the end of the day people don't have enough hours in the day to ever play more than 1 of these. So the best one stays and most others die.Games as a Service is crashing and burning. You have 5-6 games at the top that dominate and the rest just fall into oblivion. These high level execs know this and don't give a fuck... they'll just keep throwing bodies at it hoping they hit the Fortnite lotto too and there is very little consequence for them if they fail.
Sony profit dopped below $2 billion as per latest fiscal year. Before that it was $2-3B for years.
Got to lay off people in hopes of edging back to $2B+.
It's karma though. Bungie was hired to be the master overseer of Sony's GAAS games in development. And Factions 2 is supposedly cancelled. Now some Bungie people are too. Maybe some of their existing studios told execs Bungie guys are doing fuck all too, so fire some of them back. lol
what they did was gas a bunch of people before final payouts would happen.
In other words, Sony will be spending $1.2bn on incentives to retain Bungie staff after its buyout takes place - and says it will do so for "several years".
The remainder of the money will be used to directly purchase private shares of the studio.
The Washington Post reported that the deal meant some staff would receive "roughly a year's worth of income" in compensation - though not all at once. "Employees will receive 50 percent of their equity payouts when the Sony deal closes and 50 percent over the next few years," the report stated.
That would be a recipe for stagnation.
Not the first thread about Sony studios having layoffs. Always sorry about the people that get fired. But with Jim Ryan deciding to retire soon I think that Sony may be using that to clean house before the transition maybe ? Each time it was a few people or a targeted group. Curious to see if we will get more of this kind of news in the next few months.
Companies shouldnt be allowed to buy other companies for $3.2 billion only to lay them off months later.
If you cant afford to pay these employees, you clearly dont have enough cash to support them. We should make laws to limit layoffs at acquired companies for at least 5-10 years. I cant go out and sign a contract for a 12 months of lawn services then cancel it because i couldnt afford to pay people to mow my lawn anymore. if i dont pay my outstanding bill, it gets sent to collections. Maybe sony, ms, tencent and embracer consolidating the industry should be held to the same standards.
what they did was gas a bunch of people before final payouts would happen.
If the rumors of Sony backtracking on their GAAS plans have any truth to them, then laying off a portion of staff at Bungie, which is now their #1 GAAS developer makes sense. I wonder if Bungie regrets going through with the deal now that it seems Sony's change of heart has placed Bungie on the sidelines for all intents and purposes going forward.
They bought Bungie to acquire their knowledge of engineering and designing live service games.
Not their #1 developer overall, that title should unequivocally go to Insomniac. I mean Sony's #1 in terms of pushing the GAAS initiative both with their upcoming games (Marathon) and by being overseers of other GAAS projects being made by other Sony studios (Naught Dog Factions).Isn't there a middle ground between Bungie being Playstation's number 1 developer and being put on the sidelines?
You sure? What other layoffs did Playstation have recently?
Good question.Man wtf is happening inside Sony?
Man wtf is happening inside Sony?
Bungie under the terms of their agreement with Sony are still able to self-publish and engage with players on platforms that are not PlayStation. In that case, all those roles you just listed still remain very much needed.They bought Bungie to acquire their knowledge of engineering and designing live service games.
Not to acquire more HR, recruiters, and community managers.
Post covid streamlining. No different than other tech companies who cracked down hard from covid fall out. Peloton and Zoom are gigantic before and after scenes.Man wtf is happening inside Sony?
Bungie under the terms of their agreement with Sony are still able to self-publish and engage with players on platforms that are not PlayStation. In that case, all those roles you just listed still remain very much needed.
After critiquing Factions, Bungie said their own game wasn't engaging enough and canceled themselves. Their standards are that high.Man wtf is happening inside Sony?
I would say this is generally true, unless the company being acquired was already floundering creatively or financially. Activision had no financial issues from what I can tell, but creatively and in terms of management, they had had problems for at least a decade.If your company gets acquired you should be dusting off your resume. It's never a good thing for your company to be bought out, unless your contract says you will get compensated.
Activision employees take note.