The videogame industry continues to be plagued by layoffs as 505 Games parent company Digital Bros has announced plans to eliminate roughly 30% of its total workforce. The company said the cuts are necessary because, simply put, gamers prefer sequels and remakes to brand-new games, and so that's what it's going to focus on.
"The videogame market has evolved since the pandemic to be more selective in terms of new games, with consumers increasingly reverting to well established intellectual properties and playing these same games for longer periods," the company said. "Digital Bros strategy has had to adapt to this new and evolving competitive scenario and will focus its efforts moving forward on the release of sequels and new versions of previously successful and established games, with a limited number of new larger budgets productions.
