Virtual Economy

Microsoft is jacking prices on hardware, software, and peripherals. With costs going up while interest in Microsoft’s offerings declining, we have to wonder if Microsoft is applying pressure to push Game Pass. Also: Circana report on U.S. Video Game Spending for March 2025, Apple scores an own-goal and pisses off the Court, the tabletop industry is in freefall, and EA lays off another 300 to 400 people. You can support Virtual Economy’s growth via our Ko-Fi [http://ko-fi.com/virtualeconomy] and also purchase Virtual Economy merchandise [https://www.bonfire.com/store/virtual-economy/]! TIME STAMPS * [00:1:31] - GTA 6 Delay * [00:12:06] - Circana for March 2025 * [00:17:43] - Devolver Digital Investor Presentation  * [00:24:36] - Microsoft Q3 FY25 * [00:45:36] - Investment Interlude * [00:56:59] - Quick Hits * [01:06:42] - Labor Report * [01:24:58] - FAFO SOURCES * Earnings Release FY25 Q3 | Microsoft [https://www.microsoft.com/en-us/Investor/earnings/FY-2025-Q3/press-release-webcast] * Investor Presentation - 2024 Results | Devolver Digital [https://investors.devolverdigital.com/files/downloads-and-publications/DEVO-FY24-Investor-Presentation.pdf] * Devolver Digital lays off almost half of Reigns studio Nerial | Eurogamer [https://www.eurogamer.net/devolver-digital-lays-off-almost-half-of-reigns-studio-nerial] * A judge just blew up Apple’s control of the App Store | The Verge [https://www.theverge.com/news/659246/apple-epic-app-store-judge-ruling-control] * New Epic Games Store Webshops and Revenue Share Update | Epic Games [https://store.epicgames.com/en-US/news/new-epic-games-store-webshops-and-revenue-share-update] INVESTMENT INTERLUDE * Blue Ocean Games Terms & Conditions | Blue Ocean Games [https://blueoceangames.com/terms] LABOR REPORT * Online board game seller Boardlandia shuts down after tariffs add “unsustainable burden” to company’s existing challenges | BoardGameWire [https://boardgamewire.com/index.php/2025/04/23/online-board-game-seller-boardlandia-shuts-down-after-tariffs-add-unsustainable-burden-to-companys-existing-challenges/] * CMON announces layoffs, will stop ‘all future game development’ and crowdfunding efforts | Polygon [https://www.polygon.com/gaming/564281/cmon-layoffs-stops-development-crowdfunding-trump-tariffs] * Report: Meta has laid off over 100 Reality Labs employees | Game Developer [https://www.gamedeveloper.com/business/report-meta-has-laid-off-over-100-reality-labs-employees] * Mighty Yell Undergoes Layoffs | Mighty Yell on Bluesky [https://bsky.app/profile/mightyyell.bsky.social/post/3lnisn4kep22j] * Respawn Layoffs | Respawn on Twitter [https://x.com/Respawn/status/1917267367144423543] * Electronic Arts Lays Off Hundreds, Cancels ‘Titanfall’ Game | Bloomberg (Paywall) [https://www.bloomberg.com/news/articles/2025-04-29/electronic-arts-lays-off-hundreds-cancels-titanfall-game?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc0NTk1MzQ2OCwiZXhwIjoxNzQ2NTU4MjY4LCJhcnRpY2xlSWQiOiJTVkhVQjFUMEcxS1cwMCIsImJjb25uZWN0SWQiOiJCMUVBQkI5NjQ2QUM0REZFQTJBRkI4MjI1MzgyQTJFQSJ9.Ok9U1G-8KnrQWSRme5JF1VqfCPIxgENs3iq9d32PeRc&leadSource=uverify%20wall]

The original Nintendo Switch launched at $300 USD. The Switch 2 price was absent from the huge Nintendo Direct, only to be quietly revealed at $450. As for game prices, Mario Kart World is a whopping $80. Costs are on the rise, and the latest tariffs have spiked the price of accessories. So… where do we go from here? Also… Ubisoft slices off its most profitable franchises, lots of layoffs, and a huge game publisher strike. You can support Virtual Economy’s growth via our Ko-Fi [http://ko-fi.com/virtualeconomy] and also purchase Virtual Economy merchandise [https://www.bonfire.com/store/virtual-economy/]! TIME STAMPS * [00:02:53] - Nintendo Switch 2 and The Return of Paul Rudd, Gamer Dude * [00:43:22] - Ubisoft Slices Off an Arm to Make a Tencent Deal * [00:53:41] - Gamestop Q4 and Full Year Earnings * [00:58:49] - Investment Interlude * [01:01:36] - Quick Hits * [01:14:37] - Labor Report SOURCES * Nintendo Switch 2 Launches June 5 at $449.99 | BusinessWire [https://www.businesswire.com/news/home/20250402229347/en/Nintendo-Switch-2-Launches-June-5-at-%24449.99-Bringing-New-Forms-of-Game-Communication-to-Life] * Ubisoft Accelerates its Transformation by Laying Foundation for New Operating Model | Ubisoft [https://staticctf.ubisoft.com/8aefmxkxpxwl/1uPFqvuRRej3UoemTIgVLH/8e0cf5b6601e9394e5dae919d89e84f4/2025.03.27_-_Press_Release_vfinal.pdf] * GameStop Reports Fourth Quarter and Fiscal Year 2024 Results | GameStop [https://investor.gamestop.com/news-releases/news-details/2025/GameStop-Reports-Fourth-Quarter-and-Fiscal-Year-2024-Results/default.aspx] INVESTMENT INTERLUDE * Krafton acquires controlling stake in Indian gaming studio Nautilus Mobile for $14M | TechCrunch [https://techcrunch.com/2025/03/27/krafton-acquires-controlling-stake-in-indian-gaming-studio-nautilus-mobile-for-14m/] * Say hi to the new Supercell Investments | Supercell [https://investments.supercell.com/news/say-hi-to-the-new-supercell-investments/] LABOR REPORT * Cyan Worlds Lays off Half its Staff | Cyan Worlds on Twitter [https://x.com/cyanworlds/status/1905668238899327249] * Plaion: Job cuts at Munich-based Embracer division (Update) | Games Wirtschaft [https://www.gameswirtschaft.de/wirtschaft/plaion-stellenabbau-embracer-v2-270325/] * Plaion Lays Off a Reported 40 People | Plaion [https://www.linkedin.com/posts/plaion_to-our-peers-and-partners-across-the-industry-activity-7311039339528941568-xrs9?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAFwRWIBq4kJJTSO6VvMbPSc2PTUUehofXY] * Crystal Dynamics lays off 17 employees | GamesIndustry [https://www.gamesindustry.biz/crystal-dynamics-lays-off-17-employees] * Major Layoffs at Eidos-Montreal | Eidos-Montreal on LinkedIn [https://www.linkedin.com/posts/eidosmontreal_nous-avons-inform%C3%A9-aujourdhui-les-membres-activity-7312494582850543616-TzUD?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAFwRWIBq4kJJTSO6VvMbPSc2PTUUehofXY] * More Layoffs at Lost Boys Interactive? | Bryan Harmon on LinkedIn [https://www.linkedin.com/posts/btharmon_gamedev-backend-programming-activity-7312813670286184448-zamg?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAFwRWIBq4kJJTSO6VvMbPSc2PTUUehofXY] * Atomhawk Design Announces Layoffs | Atomhawk Design on LinkedIn [https://www.linkedin.com/posts/atomhawk-design-ltd_this-month-across-the-uk-and-canada-we-activity-7312398305706033152-4yQw?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAFwRWIBq4kJJTSO6VvMbPSc2PTUUehofXY] * PlaySide Studios is Restructuring | PlaySide Studios on LinkedIn [https://www.linkedin.com/posts/playside_an-update-from-playside-activity-7312973750302298113-GvCj/] * Supermoves Developer Makea Games is Shutting Down | Makea Games [https://makea.games/] * Brass Lion Has Conducted Layoffs | Brass Lion on LinkedIn [https://www.linkedin.com/posts/brasslionent_brass-lion-entertainment-has-made-the-difficult-activity-7315109868619608065-yul7?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAFwRWIBq4kJJTSO6VvMbPSc2PTUUehofXY] * ZeniMax union votes to authorize a strike | The Verge [https://www.theverge.com/news/640423/zenimax-union-cwa-strike-authorization-vote?utm_content=buffer7444b&utm_medium=social&utm_source=bsky.app&utm_campaign=verge_social]

Warner Bros. continues to chip away at its infrastructure and consumer confidence with the closure of three more studios. Also: Circana reports for Jan and Feb, a recap of GDC and developers’ feelings about the industry, a curious period for investments, a new union looks to cover the entire industry, and more. You can support Virtual Economy’s growth via our Ko-Fi [http://ko-fi.com/virtualeconomy] and also purchase Virtual Economy merchandise [https://www.bonfire.com/store/virtual-economy/]! TIME STAMPS * [00:03:00] - Circana Report on U.S. Video Game Spending for January 2025 * [00:11:59] - Circana Report on U.S. Video Game Spending for February 2025 * [00:21:39] - GDC 2025 Recap * [00:54:29] - Investment Interlude * [01:14:23] - Quick Hits * [01:22:11] - Labor Report SOURCES * Warner Bros. Shuts Down Three Game Studios, Cancels Wonder Woman Title | Bloomberg (Paywall) [https://www.bloomberg.com/news/articles/2025-02-25/warner-bros-shuts-three-video-game-studios-in-restructuring?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc0MDUxMzA2NSwiZXhwIjoxNzQxMTE3ODY1LCJhcnRpY2xlSWQiOiJTUzk2MEtUMEFGQjUwMCIsImJjb25uZWN0SWQiOiJCMUVBQkI5NjQ2QUM0REZFQTJBRkI4MjI1MzgyQTJFQSJ9.SBfLQKCACjjIuwN0vWXzYzPc6sRVo4CJwy7a-N9ltB4&leadSource=uverify%20wall] * Studio Fizbin's Last Magic Trick: “Reignbreaker” | Studio Fizbin [https://www.studio-fizbin.com/fizbins-last-magic-trick] * Layoffs at Wizards of the Coast's Skeleton Key Studio | Nassim Ait-Kaci on LinkedIn [https://www.linkedin.com/posts/gamesound_opentowork-ugcPost-7299748720516964352-TfxP] * PlayStation Hit With More Layoffs Following Recent Game Cancellations | Kotaku [https://kotaku.com/playstation-studios-visual-arts-layoffs-cuts-last-us-1851767734] * Mountaintop is Shutting Down | Spectre Divide on Twitter [https://x.com/SpectreDivide/status/1899943286158336111] * Respawn lays off staff, cancels another unannounced game | Game Developer [https://www.gamedeveloper.com/business/respawn-staff-cuts-unannounced-game-canceled] * Free Range Games has Undergone Layoffs | Free Range Games on LinkedIn [https://www.linkedin.com/posts/freerangegames_hiring-gamedev-freerangegames-activity-7306039818138923009-LbBv?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAFwRWIBq4kJJTSO6VvMbPSc2PTUUehofXY] * Fallout and Obsidian veterans ditch open-world game plans as team shrinks to a "skeleton crew" | Eurogamer [https://www.eurogamer.net/fallout-and-obsidian-veterans-ditch-open-world-game-plans-as-team-shrinks-to-a-skeleton-crew] * Wizards of the Coast winds down Sigil VTT team | Andy Collins on LinkedIn [https://www.linkedin.com/posts/andy-collins-912a953_today-approximately-30-talented-developers-activity-7307907059092443137-SFhR/] * Sunsetting Seekers of Skyveil | Elodie on Steam [https://store.steampowered.com/news/app/2402420/view/497190789924782260?l=english] * UVW-CWA unveiled at GDC 2025 | UVW-CWA [https://uvw-cwa.org/news/uvw-cwa-unveiled-gdc-2025] INVESTMENT INTERLUDE * Emona Capital completes acquisition of UK publisher Secret Mode | Secret Mode [https://wearesecretmode.com/news/emona-capital-completes-acquisition-of-uk-publisher-secret-mode] * Emona Capital makes investment in Blackbird Interactive | Blackbird Interactive on LinkedIn [https://www.linkedin.com/posts/blackbird-interactive-inc_today-officially-marks-the-start-of-a-new-activity-7306009940538626049-lfZN?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAFwRWIBq4kJJTSO6VvMbPSc2PTUUehofXY] * GTA developer Rockstar acquires Video Games Deluxe to expand into Australia | Game Developer [https://www.gamedeveloper.com/business/gta-developer-rockstar-acquires-video-games-deluxe-to-expand-into-australia] * Former NetEase director self-funds new studio to ensure "management protects creators" | GamesIndustry [https://www.gamesindustry.biz/former-netease-director-self-funds-new-studio-to-ensure-management-protects-creators] * Tencent acquires additional shares in FromSoftware parent company, Kadokawa | GamesIndustry [https://www.gamesindustry.biz/tencent-acquires-additional-shares-in-fromsoftware-parent-company-kadokawa] * PlayStation has formed new studio Dark Outlaw Games with Call of Duty Zombies lead Jason Blundell | VGC [https://www.videogameschronicle.com/news/playstation-has-formed-new-studio-dark-outlaw-games-with-call-of-duty-zombies-lead-jason-blundell/] * Niantic’s Next Chapter | Niantic [https://nianticlabs.com/news/niantic-next-chapter] * Jam City Sells Ludia to Canadian Investors | Joshua Yguado on LinkedIn [https://www.linkedin.com/posts/joshyguado_jamcity-ludia-gaming-activity-7302386821764657155-ctSp]

Despite mounting evidence that Games as a Service are struggling, executives continue to go back to that empty well. Also: A ton of earnings reports (Nintendo, EA, Paradox, Square Enix, Sega, Ubisoft, Remedy, Embracer Group, and Sony), the labor picture worsens, and Niantic may be exiting the gaming space. You can support Virtual Economy’s growth via our Ko-Fi [http://ko-fi.com/virtualeconomy] and also purchase Virtual Economy merchandise [https://www.bonfire.com/store/virtual-economy/]! TIME STAMPS * [00:01:58] - Nintendo Q3 FY25 Earnings * [00:16:07] - EA Q3 FY25 Earnings * [00:30:18] - Paradox FY24 Earnings * [00:34:40] - Take Two Q3 FY25 Earnings * [00:36:46] - Square Enix Q3 FY25 Earnings * [00:40:17] - Sega Q3 FY25 Earnings * [00:42:52] - Ubisoft Q3 FY25 Earnings * [00:44:49] - Remedy FY24 Earnings * [00:47:15] - Embracer Group Q3 FY25 Earnings * [00:50:18] - Sony Q3 FY25 Earnings * [00:54:11] - Investment Interlude * [01:01:38] - Quick Hits * [01:05:18] - Labor Report SOURCES * Consolidated Results for the Nine Months Ended December 31, 2023 and 2024 | Nintendo [https://www.nintendo.co.jp/ir/pdf/2025/250204e.pdf] * Electronic Arts Reports Q3 FY25 Results | EA [https://ir.ea.com/press-releases/press-release-details/2025/Electronic-Arts-Reports-Q3-FY25-Results/default.aspx] * Battlefield Labs | EA [https://www.ea.com/games/battlefield/battlefield-labs] * END OF KAIZEN REVIEW | EA [https://www.ea.com/en-gb/games/need-for-speed/need-for-speed-unbound/news/end-of-kaizen-review] * Year-end report January – December 2024 | Paradox [https://www.paradoxinteractive.com/media/press-releases/press-release/year-end-report-january-december-2024] * Paradox Interactive acquires Haemimont Games | Paradox [https://www.paradoxinteractive.com/media/press-releases/press-release/paradox-interactive-acquires-haemimont-games] * Consolidated Financial Results for the Nine-Month Period Ended December 31, 2024 | Square Enix [https://www.hd.square-enix.com/eng/ir/pdf/25q3earnings.pdf] * Consolidated Financial Results for the Nine-Month Period Ended December 31, 2024 | Sega [https://www.segasammy.co.jp/cms/wp-content/uploads/pdf/en/ir/20250207_q3_tanshin_e.pdf] * UBISOFT REPORTS THIRD-QUARTER 2024-25 SALES | Ubisoft [https://staticctf.ubisoft.com/8aefmxkxpxwl/2GbdOQTUuRZV3mqGXgTfeK/520f2262c4f60b4bc13f0f3a59ec37e7/Ubisoft_FY25_Q3_PR_English_vFinal.pdf] * Remedy Entertainment Plc: Financial Statements Release January-December 2024 | Remedy [https://investors.remedygames.com/] * Embracer Group publishes Interim Report Q3 | Embracer Group [https://embracer.com/releases/embracer-group-publishes-interim-report-q3-october-december-2024-adjusted-ebit-amounted-to-sek-1175-million-above-management-expectations/] * Q3 FY2024 Consolidated Financial Results | Sony [https://www.sony.com/en/SonyInfo/IR/library/presen/er/pdf/24q3_sonypre.pdf] INVESTMENT INTERLUDE * Dead Astronauts Secures €4M In Oversubscribed Seed Round | Dead Astronauts [https://deadastronauts.games/news/dead-astronauts-secures-eur4m-in-oversubscribed-seed-round] * nDreams establishes new internal studio, shutters two others | GamesIndustry [https://www.gamesindustry.biz/ndreams-establishes-new-internal-studio-shutters-two-others] * GameStop Announces Plan to Pursue a Sale of French and Canadian Operations | GameStop [https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-plan-pursue-sale-french-and-canadian] * ‘Pokémon Go’ Maker Nears $3.5 Billion Deal to Sell Games Unit | Bloomberg (Paywall) [https://www.bloomberg.com/news/articles/2025-02-19/-pokemon-go-maker-nears-3-5-billion-deal-to-sell-games-unit] LABOR REPORT * Sumo Group is Refocusing and Undergoing Layoffs | Sumo Group on LinkedIn [https://www.linkedin.com/posts/sumogroup_following-an-internal-announcement-to-our-activity-7292503637581287424-TQ9t?utm_source=share&utm_medium=member_ios] * Iron Galaxy Layoffs | Iron Galaxy on LinkedIn [https://www.linkedin.com/posts/iron-galaxy-studios_an-update-on-our-staff-for-several-years-activity-7292952527195516929-_DtW?utm_source=share&utm_medium=member_desktop] * Report: ProbablyMonsters conducting more layoffs after pledging to build 'stable home for developers' | Game Developer [https://www.gamedeveloper.com/business/report-probablymonsters-conducting-more-layoffs-after-pledging-to-build-stable-home-for-developers-] * Report: Hi-Rez Studios laid off dozens of developers from Smite team | Game Developer [https://www.gamedeveloper.com/business/hi-rez-studios-cut-dozens-of-staff-from-smite-team] * Crytek is Laying Off 15% of its Workforce | Crytek on LinkedIn [https://www.linkedin.com/posts/crytek_activity-7295388732663201794-SuPf?utm_source=share&utm_medium=member_desktop] * VR dev Toast Interactive lays off majority of staff | Game Developer [https://www.gamedeveloper.com/business/vr-dev-toast-interactive-lays-off-majority-of-staff] * Liquid Sword makes "deeply regrettable" job cuts for "the studio's long-term sustainability" | GamesIndustry [https://www.gamesindustry.biz/liquid-sword-makes-deeply-regrettable-job-cuts-for-the-studios-long-term-sustainability] * Netflix has laid off staff at Oxenfree developer Night School Studio | Game Developer [https://www.gamedeveloper.com/business/netflix-has-laid-off-staff-at-oxenfree-developer-night-school-studio] * Bossa Games Layoffs | Bossa Games on LinkedIn [https://www.linkedin.com/posts/bossa-games_activity-7298367748902912001-h4lt?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAFwRWIBq4kJJTSO6VvMbPSc2PTUUehofXY] * EXCLUSIVE: 10:10 Games Employees Offered No Severance, Layoffs Happened While On Holiday, And More | Insider Gaming [https://insider-gaming.com/1010-games-employees-offered-no-severance-laid-off-while-on-holiday-and-more/] * Layoffs at NetEase on the Marvel Rivals team | Jack Burrows on LinkedIn [https://www.linkedin.com/posts/jack-burrows-b7896399_opentowork-yacantwinthemall-ugcPost-7297445169291833345-CqMW?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAFwRWIBq4kJJTSO6VvMbPSc2PTUUehofXY] * Layoffs at NetEase on the Marvel Rivals team | Thaddeus Sasser on LinkedIn [https://www.linkedin.com/posts/thadsasser_this-is-such-a-weird-industry-my-stellar-activity-7297672154060361729-xYIX]

There are few things worse than yet another company laying people off… and EA has committed the sin of obfuscating job losses. Also: Earnings season is underway, the Circana report for December 2024 and the full year, a recap of the GDC State of the Industry report, and more. You can support Virtual Economy’s growth via our Ko-Fi [http://ko-fi.com/virtualeconomy] and also purchase Virtual Economy merchandise [https://www.bonfire.com/store/virtual-economy/]! TIME STAMPS * [00:00:49] - EA Takes a Tumble * [00:12:58] - Microsoft Q2 FY25 Earnings * [00:19:38] - Capcom Q3 FY25 Earnings * [00:25:39] - Circana Report on U.S. Video Game Spending for December 2024 and Full Year 2024 * [00:35:25] - Learnings from the GDC State of the Industry Report * [01:05:38] - Investment Interlude * [01:14:06] - Quick Hits * [01:25:21] - Labor Report * [01:38:15] - Listener Questions * [01:50:18] - FAFO SOURCES * Electronic Arts Pre-Announces Preliminary Q3 FY25 Results | EA [https://ir.ea.com/press-releases/press-release-details/2025/Electronic-Arts-Pre-Announces-Preliminary-Q3-FY25-Results/default.aspx] * Electronic Arts EVP Jacob Schatz sells shares worth $215,174 | MSN [https://www.msn.com/en-us/money/economy/electronic-arts-evp-jacob-schatz-sells-shares-worth-215-174/ar-AA1xl1lc] * Earnings Release FY25 Q2 | Microsoft [https://www.microsoft.com/en-us/investor/earnings/fy-2025-q2/press-release-webcast] * Consolidated financial results for the 3rd Quarter of FY2024 | Capcom [https://www.capcom.co.jp/ir/english/news/html/e250129a.html] * Meta Reports Fourth Quarter and Full Year 2024 Results | Meta [https://s21.q4cdn.com/399680738/files/doc_financials/2024/q4/Meta-12-31-2024-Exhibit-99-1-FINAL.pdf] * The drone pilot who took out an LA firefighting plane pleads guilty to escape prison | The Verge [https://www.theverge.com/news/604527/drone-crashed-into-la-wildfire-plane-plea-deal] INVESTMENT INTERLUDE * Pocketpair launches publishing business [Pocketpair Publishing] and announces first publishing partnership with SURGENT STUDIOS. | Pocketpair [https://www.pocketpair.jp/news/20250123] * Virtuos acquires three studios to 'significantly augment' development support capabilities | Game Developer [https://www.gamedeveloper.com/business/virtuos-acquires-three-studios-to-significantly-augment-development-capabilities] * Board game distribution major Alliance gets $39m buyout bid as owner Diamond Comics files for bankruptcy protection | BoardGameWire [https://boardgamewire.com/index.php/2025/01/15/board-game-distribution-major-alliance-gets-39m-buyout-bid-as-owner-diamond-comics-files-for-bankruptcy-protection/] * Closing of Easybrain divestment | Embracer Group [https://embracer.com/releases/closing-of-easybrain-divestment/] LABOR REPORT * BioWare Studio Update | BioWare Blog [https://blog.bioware.com/2025/01/29/bioware-studio-update/] * Reflector confirms more layoffs after Unknown 9 falls short of expectations | Game Developer [https://www.gamedeveloper.com/business/reflector-confirms-more-layoffs-after-unknown-9-falls-short-of-expectations] * Phoenix Labs Lays Off Most of Its Staff | Phoenix Labs on LinkedIn [https://www.linkedin.com/posts/phoenix-labs_activity-7289705935696969728-PaIL?utm_source=share&utm_medium=member_desktop] * Ubisoft Layoffs and Closures | Ubisoft Leamington on LinkedIn [https://www.linkedin.com/posts/ubisoft-leamington_today-we-held-a-meeting-for-all-team-members-activity-7289667150158458880-W4Jw?utm_source=share&utm_medium=member_desktop] * Fast Travel Games Lays off 30 People | Fast Travel Games on LinkedIn [https://www.linkedin.com/posts/fast-travel-games_a-message-from-us-at-fast-travel-games-activity-7290025751800696832-htGt?utm_source=share&utm_medium=member_desktop] * Studio co-founded by Dr Disrespect closing after three years working on new FPS | PCGamesN [https://www.pcgamesn.com/deadrop/midnight-society-shutting-down-dr-disrespect]