List of layoffs in the Gaming Industry in 2024

A major disappointment indeed!

2023 was a disappointing year for layoffs and looks like 2024 is continuing that trend. The gaming industry has some shakes already, and thus this isn’t a nice sign at all. Regrettably, within the first month of 2024, more than 5,000 workers in the games industry have already experienced job losses. So, let us see the list of companies and the layoffs or shutdowns that happened within them in 2024 that come across as an upset in the gaming industry.

Gaming Industry Layoffs in 2024

From major studios to smaller game development teams, be it mobile or AAA studios, the industry experienced shifts that captured attention and sparked discussions. For the same, we can consider the industry dynamics, economic factors, and any official statements from the companies involved. So, below are the details you need to know about the layoffs in 2024.

ArchiactJan 4, 2024UnknownLayoffs announced at VR games developer Archiact, with the company providing support through reverse recruiting.
Bossa StudiosJan 5, 20241919 layoffs at Bossa Studios, primarily in QA and production roles as well as non-UK employees.
UnityJan 8, 20241,800Unity confirmed plans to cut nearly 25% of its staff by the end of March, marking the largest layoffs in its history.
TwitchJan 9, 2024500Twitch also laid off 500 employees, around 35% of its total staff.
Behaviour InteractiveJan 9-11, 202445Behaviour Interactive reportedly laid off about 45 people in its Montreal studio, affecting various departments.
PlaytikaJan 11, 2024300-400Playtika went for a layoff of close to 10% of its workforce.
DiscordJan 11, 2024170Discord laid off around 17% of its total staff, citing the need to sharpen focus and improve agility.
PTWJan 11, 202445PTW laid off about 45 people, mostly QA staffers, citing the need to reduce the workforce in several countries.
Lost Boys InteractiveJan 12, 2024125Layoffs at Gearbox-owned Lost Boys Interactive, affecting various disciplines, confirmed former producer via LinkedIn post.
FunselektorJan 12, 20243Canadian indie studio Funselektor laid off three developers.
Double Loop GamesJan 15, 2024UnknownDouble Loop Games shuts down, with the closure announced by Emily Greer, co-founder, in a post on LinkedIn.
Netspeak GamesJan 16, 202425Netspeak Games confirmed laying off 25 people, citing the need to adapt its structure in the challenging gaming industry.
ThunderfulJan 17, 2024100-105Thunderful Group announced a restructuring plan, including laying off 20% of its workforce out of 525 current.
Pixelberry StudiosJan 17, 2024UnknownNexon-owned Pixelberry Studios cut an unknown number of employees, as confirmed by a former employee.
Wimo GamesJan 17, 202435Austin-based Wimo Games closed its doors, laying off 35 people, confirms a former employee via LinkedIn post.
CI GamesJan 18, 202415-20CI Games cuts off around 10% of its staff, impacting employees at Hexworks and Underdog.
31st UnionJan 18, 2024<1031st Union laid off less than 10 employees, as part of ongoing efforts to support the studio.
Com2uSJan 18, 2024UnknownCom2uS laid off a two-digit number of employees, optimizing projects due to market and management conditions.
NCSoftJan 18, 202470NCSoft shut down subsidiary Ntreev Soft and laid all 70 of its employees.
Netmarble F&CJan 19, 202470Netmarble F&C laid off about 70 people in its metaverse-focused subsidiary, citing the need to streamline and cut costs.
Little Red Dog GamesJan 22, 202427Little Red Dog Games shut down, affecting 27 people, with the COO confirming with his LinkedIn post.
Riot GamesJan 22, 2024530Riot Games announced cutting 11% of its workforce, primarily due to winding down Riot Forge and reducing Legends of Runeterra development.
One Player MissionJan 23, 202415OPM announced its closure, affecting 15 employees, due to challenges in the games industry.
Reikon GamesJan 23, 202460-70Reikon Games laid off about 60 to 70 people, around 56% of the total company, citing budget limitations and a sudden reduction in scope for their next game.
WarDucksJan 23, 202410Mobile game developer WarDucks ended its journey after going out of business.
People Can FlyJan 24, 202430+People Can Fly laid off over 30 people, citing budget limitations and a shrinking scope for their unannounced game, Project Gemini.
Black Forest GamesJan 24, 202450Black Forest Games cut roughly 50% of its workforce, affecting about 55 employees, with more information promised next week.
MicrosoftJan 25, 20241,900Microsoft laid off 1,900 people, approximately 8.6% of its gaming workforce, across various gaming businesses, including Xbox, Activision Blizzard, and ZeniMax.
Chief RebelJan 29, 202421Approximately 21 employees were reportedly laid off at Chief Rebel, a Sweden-based indie studio.
Eidos MontrealJan 29, 202497Embracer Group lays off 97 Eidos employees while canceling the new Deus Ex game, confirming via their X post.
Nimble Giant EntertainmentJan 30, 202428Another Embracer layoff was reported as Nimble Giant Entertainment laid off 28 employees.
Sega of AmericaJan 31, 202461Sega of America plans to lay off 61 employees on March 8, affecting two nearby locations on its Irvine campus.
ArtificerJan 31, 202428Devolver confirmed that Artificer, the developer behind Showgunners, is laying off 28 employees.
GameSpotJan 31, 2024UnknownGameSpot faced a series of layoffs, as indicated by numerous current and former employees sharing the news on social media.
Airship SyndicateFeb 1, 202412Airship Syndicate has let go of 12 employees, and the president and CEO of Wayfinder Studio are also reducing their salaries.
ThreaksFeb 2, 202425Hamburg-based Threaks ended its journey as confirmed by Engineering Manager Merve Meszaros on LinkedIn.
Crop Circle GamesFeb 5, 202450Crop Circle Games reportedly underwent layoffs, impacting its writing, design, and engineering departments.
Toys for BobFeb 6, 202486Microsoft layoffs affected Bandicoot developer Toys for Bob with the facility closing as well.
Sledgehammer GamesFeb 6, 202476Similar to Toys for Bob, Sledgehammer Games were also hit with layoffs.
91ActFeb 7, 20246091Act terminated all its employees, and the company’s CEO resorted to mortgaging his property to fulfill severance obligations.
Hidden Path EntertainmentFeb 7, 202444The Washington-based game studio laid off 44 employees due to funding challenges for a major RPG project.
Visual Concepts AustinFeb 7, 2024Unknown2K Games laid off developers at Visual Concepts Austin, known for Lego 2K Drive and NBA 2K.
Threshold GamesFeb 9, 202412Indie developer Threshold Games closes its doors, attributing its closure to “extenuating circumstances.”
Daybreak GamesFeb 9, 2024UnknownDaybreak Games recently laid off another round of employees, as confirmed via LinkedIn post.
ScopelyFeb 9, 202438There are reports of staff laid off from Scopely, mostly from the Kingdom Maker studio.
GenvidFeb 12, 202414Silent Hill makers Genvid underwent another round of layoffs.
Blackbird InteractiveFeb 13, 2024UnknownAnother set of layoffs reported at Blackbird Interactive, months after 41 people were laid off in August 2023.
NogginFeb 15, 2024UnknownParamount Global’s subscription video-on-demand service aimed at young children, called Noggin, is closing down.
ZA/UMFeb 16, 202424ZA/UM, the developer behind Disco Elysium, is said to be considering laying off 24 employees.
Activision IrelandFeb 19, 2024136Activision Blizzard might be letting go of some employees at its office in Blackpool, Cork, Ireland.
Build A Rocket BoyFeb 19, 2024UnknownBuild A Rocket Boy, the developer is said to have experienced layoffs across all locations.
Mythical GamesFeb 21, 2024UnknownAnother round of layoffs in Mythical Games were reported.
Electronic ArtsFeb 23, 2024UnknownElectronic Arts to downsize few staff following shut down of MLB Tap Sports and F1 Mobile Racing

The list will be updated as announcements come further, although we wish it doesn’t since people losing the jobs they love in an industry beaming with creativity is not a good sight.

Final Thoughts

Well, to sum things up, the layoffs in the gaming industry in 2024 just paint a picture that not every day is sunny, there will be moments of gloom too. The industry does give out some interesting ideas, yes, but there are times when things don’t work out for either party, the players as well as the developers, and hence we can see both mobile game shutdowns and closure of studios in more numbers.

popular kinds of mobile gaming
Photo via Pixabay

While the news of layoffs can be discouraging, these are things that sometimes cannot be avoided. The decisions need to be taken, either to bring better products or cut losses and move on. Hopefully, as I mentioned earlier, this is the end of what we know as the damaging process of layoffs and further progress as a whole so that there will be no more layoffs.

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