Sharp and sustained economic criticism from Biden's ostensible allies established a narrative of failure that has proved alarmingly resistant to reality.
I knew there had to be something fishy considering the video game industry alone has laid off 30,000 people in the past 2 years - 20,000 last year and a further 10,000 in January and February alone of this year.
This really illustrates the original problem. One point of view can look at overall statistics and say things are going great while the other point t of view can focus on job instability affecting real people.
Yeah, the things that really stand out to me on this particular example are the quotes from people in the industry saying that it’s the worst instability in the industry in the past 15 years (so since the 2008 recession) in an industry know for its lack of job stability (it used to almost be guaranteed that devs would be laid off after a project finished) and that up to 73% of developers say that they’ve been affected by the layoffs, either being laid off themselves or somebody they know getting laid off like members of their team.
I watch a lady on YouTube who works for Sony who said that the average time to find a new job is 2 months, and that with the number of layoffs it’s very likely that many of these developers will never work in the industry again.
It’s just another example of the situations like companies bragging about record-breaking profits while an increasing number of people making six-figure salaries are living paycheck to paycheck.
2 months is not all that long to find a new job but yeah.
I’ve had both shorter and longer in the past. However this time I
own a house
have a car payment
my first kid in college
second soon
excessive car insurance to cover two teen drivers
child support to my ex
I would have a real hard time handling that with any disruption of my income. Not quite paycheck to paycheck, but there’s a lot of expenses I haven’t had for most of my life and the cap on unemployment benefits means I wouldn’t come close. Most of these will be gone in less than six years so I just need to not be laid off for that time
I knew there had to be something fishy considering the video game industry alone has laid off 30,000 people in the past 2 years - 20,000 last year and a further 10,000 in January and February alone of this year.
https://www.statista.com/statistics/1175322/video-game-employment/
https://www.wired.com/story/the-video-game-industry-is-just-starting-to-feel-the-impacts-of-2023s-layoffs/
https://www.polygon.com/23964448/video-game-industry-layoffs-crisis-2023
https://publish.obsidian.md/vg-layoffs/Archive/2024
https://www.nytimes.com/2024/01/25/business/microsoft-layoffs-video-games.html
https://www.polygon.com/gaming/24074767/video-game-industry-layoffs-explainer
This really illustrates the original problem. One point of view can look at overall statistics and say things are going great while the other point t of view can focus on job instability affecting real people.
Yeah, the things that really stand out to me on this particular example are the quotes from people in the industry saying that it’s the worst instability in the industry in the past 15 years (so since the 2008 recession) in an industry know for its lack of job stability (it used to almost be guaranteed that devs would be laid off after a project finished) and that up to 73% of developers say that they’ve been affected by the layoffs, either being laid off themselves or somebody they know getting laid off like members of their team.
I watch a lady on YouTube who works for Sony who said that the average time to find a new job is 2 months, and that with the number of layoffs it’s very likely that many of these developers will never work in the industry again.
It’s just another example of the situations like companies bragging about record-breaking profits while an increasing number of people making six-figure salaries are living paycheck to paycheck.
2 months is not all that long to find a new job but yeah.
I’ve had both shorter and longer in the past. However this time I
I would have a real hard time handling that with any disruption of my income. Not quite paycheck to paycheck, but there’s a lot of expenses I haven’t had for most of my life and the cap on unemployment benefits means I wouldn’t come close. Most of these will be gone in less than six years so I just need to not be laid off for that time