In these tough times, cash money reserves have dried up. It's the same the world over, and the games industry is no different. Especially if you're a start-up.
Market researchers The NPD Group - yes, the sales charts guys - have found that when it comes to games, most Americans don't give a damn about the recession.
Earlier in the week, we posted a rather nice-looking racing rig. Thought it was pretty swish. All that did, though, was prompt reader The Dude to email in, saying "You call that a racing rig?!"
The folks at Blockbuster would really appreciate it if you'd pay your overdue late fees, renters. The company has warned it has "substantial doubt" about its ability to continue as a going concern.
Times are hard. In an effort to cut costs, Sony is going to reduce its number of new recruits — by a lot.
The business of being really, really good at playing video games is hurting. Professional gaming leagues are shutting down left and right, meaning that many people who participate in those leagues are out now jobless.
Publisher THQ announced today that its plans to eliminate $220 million in spending has been a great success, thanks to the shedding of hundreds of workers, canceling of games and other "business realignment actions."
Times, they are tough. And Dell, owners of PC gaming enthusiast brand Alienware, are no exception, with tech site ExtremeTech reporting that an undisclosed number of Alienware employees are facing the sack.
Japanese anime, music and game company Marvelous Entertainment has asking for a number of its employees to retire. The exact number, according to Marvelous, is "in the range of 20" workers (about 17 percent).
Sony have, for the first time in company history, "mothballed" employee wages and bonuses in an attempt to stem the company's financial bleeding.
A Slate.com article blames something other than the economy for video game industry layoffs and studio closings. Now that's news.
Times are hard. For you, for me and especially major international corporations like Xbox 360 maker Microsoft.
Publisher THQ was hit hard during its third quarter, losing $191.8 million over the holidays. That loss, previously expected to be net profit, and more lowered expectations will translate to massive cuts to its workforce.
The Wall Street Journal has a nice little article up about laid off employees getting into games and social media networks as a way to escape the grim reality that they're out of a job.