So, How Many People Actually Lost Their Jobs Last Year?

In terms of the number of people fired from their jobs, 2009 was one of the worst years in the history of the video game business. But just how many people were given the boot?

A study by research firm M2 Research has estimated that 11,488 video game industry professionals were laid off from late 2008 to the end of 2009, "with the majority of the losses coming in 2009".

Those losses came from 95 studios, of which 52 were located in the United States.

Throwing in their two cents, M2 believe most losses were the result of not only the challenges inherent in gearing up for a "new" generation of hardware, but in studios being "so focused on their retooling efforts they weren't able to see the changes in the market and the impact things like digital distribution, casual, and social gaming was starting to have on the market."

Study: Industry hit by 11,500 layoffs since 2008 [Develop]