It seems you’re sharing an article related to the ongoing challenges in the gaming industry, particularly regarding job layoffs and geographic disparities in these layoffs. Here are some key points from the content:
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Layoff Crisis: The gaming industry is experiencing a significant layoff crisis, reminiscent of the notorious ’83 video game crash. This is especially felt in North America and Western Europe, where job losses are more concentrated.
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Geographic Disparities: Amir Satvat, former Tencent Games business development director, highlights that Japan’s gaming industry is faring better due to a stronger emphasis on staff retention, with many companies experiencing high retention rates.
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Industry Structure: Japanese game development teams tend to be smaller and less focused on mega-projects, reducing vulnerability to market fluctuations. For instance, Japanese executives typically earn significantly less than their Western counterparts.
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Salary Comparisons: The average salary for game developers in Japan is considerably lower ($37,000) compared to the U.S., where the average can reach up to $142,000. This disparity in compensation structures highlights different industry norms.
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Future Outlook: Despite the current layoffs, Satvat believes the industry may still grow, though at a much slower rate. He predicts that total layoffs could reach 58,000 from 2022 to 2026, with new job creation barely covering attrition.
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