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Microsoft's Phil Spencer on Xbox growth, recent job cuts and the future of games on discs
(www.gamefile.news)
this post was submitted on 20 Feb 2024
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"The global video game business is big but barely growing, Spencer noted to me. One measure, from industry research firm Newzoo, estimates that 2023 game industry revenues were up just 0.6% from 2022. "
So still growth and a little bit more revenue. Total justification for mass layoffs. 🙄
All they care about is growth, at any cost. Reminds me of the quote “Growth for it’s sake is the ideology of a cancer cell.” These financial growth chasing investor types have turned game production into literal cancer.