Business Big Tech Layoffs Megathread - Techbros... we got too cocky...

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Since my previous thread kinda-sorta turned into a soft megathread, and the tech layoffs will continue until morale improves, I think it's better to group them all together.

For those who want a QRD:


Just this week we've had these going on:

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But it's not just Big Tech, the vidya industry is also cleaning house bigly:

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All in all, rough seas ahead for the techbros.
 
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Is it just me or does that statement carefully avoid mentioning layoffs? Is this a layoff statement or a “we’re probably fucked, be ready” warning?
 
AAAA project and tranified remake of Perfect Dark has been cancelled after 7 years and hundreds of millions in costs. Microsoft dodged a Concord by pulling the plug early.

I wonder what the losses are to this industry this generation? between Sony's GaaS shitshow and Microsoft not being able to make games, let alone sell them, there must be £15 billion+ in losses.

If GTA6 wobbles, I believe that's the end of the AAA gaming bubble.
 
Bog-standard Poster said:
If GTA6 wobbles, I believe that's the end of the AAA gaming bubble.
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GTA6 will land strong, but I think the later launch GTA Online for GTA6 will be the actual miss, and will probably be the final nail in the coffin for trying to live service everything. Its got infeasible expectations across the board from both players and business, with the former expecting more content than the current GTA Online at launch, and the latter expecting it to be monetized aggressively enough to repay the bulk of the insane development costs. Its a recipe for disaster, and when that blows out, the entire live service space will be shattered with it.

If GTA6 can't guarantee a successful live service out the gates, nobody can, and investors will start to back out of insane live service projects in response. But that money fountain is one of the few ways left for these publishers to make their own financials work - They're so heavily stacked with debt from all their prior failures that its starting to become a serious problem. Losing a major avenue of 'easy' funding will hurt that a great deal. And from that point I'm in agreement with you, I think AAA will topple. They haven't found any new monetization path that works at this scale, and its not something they can reliably pull out of their ass. Not having any good games to try and experimentally monetize is gonna hurt them even more.

Honestly, Microsoft with gamepass is closest to success, and its still losing them a fortune. they'll probably hold out in the AAA space the longest, just because gamepass lets them blur successes and failures together into a more generic abstract, and consumers are actually willing to just rent access to games as a service. Much as I personally hate it, people are clearly ok with it at some price points. I just don't think they'd be ok with a price point high enough to actually generate enough revenue to matter.

quaawaa said:
Pretty soon they're going to run out of non-jeets to push out.
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Nah, Microsoft is a big player in the acquisition space, they'll keep buying other companies so they can jeetify them too.
 
Kuritan Deplorable said:
If GTA6 can't guarantee a successful live service out the gates,
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By design, they can't. Every player who leaves GTA5 online for GTA6 must pump in at least the same amount of money, or they're a loss in profit. Ideally, they need to put in more money. But if GTA6 doesn't have the flash-in-the-pan success of GTA5 online, then it's a loss.
It doesn't look good for them.
 
Snekposter said:
I'm not entirely sure what the difference between an Indian and an AI is anymore, and I'm not sure I care.
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The whole "AI is writing 30% of our code" is nonsense, They're counting autocomplete and rote stuff like NuGet package updates. There's a Race to the Stupid to claim as much of your code is written by AI as possible, so you can sell your shit AI to large companies that don't know any better.
 
The way I see it, there's a big market gap for a tech-oriented, no-nonsense LinkedIn alternative. Using LI now, compared to how it was just 3 years ago, is night and day.
 
⋖ cørdion ⋗ said:
"LinkedIn for REAL professionals.." you can already tell it'll be given the bluesky treatment.
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Hm we'd have to come up with some way to filter out the dangerhairs and the pajeets who will be ready to overinflate their credentials.

Also,

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But wait

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You can't make stuff up. :story:
 
Ahriman said:
Hm we'd have to come up with some way to filter out the dangerhairs and the pajeets who will be ready to overinflate their credentials.

Also,

View attachment 7602837

But wait

View attachment 7602826

View attachment 7602828

You can't make stuff up. :story:
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I'm torn between 'this is hilariously pathetic' and 'honestly, basically telling people to learn what AI can and can't do in the wake of their firing for AI is actually probably a good growth experience for everyone involved'.
 
Ahriman said:
Hm we'd have to come up with some way to filter out the dangerhairs and the pajeets who will be ready to overinflate their credentials.

Also,

View attachment 7602837

But wait

View attachment 7602826

View attachment 7602828

You can't make stuff up. :story:
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Only a matter of time before a jobless programmer decides to become the next luigi.
 
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