Episode 162: The Stark Contrast Between Positive Earnings and Gruesome Layoffs (News Show)

We’re in the thick of earnings season, and it’s hard to swallow positive financial news amid an avalanche of heartbreak labor stories. On this week’s show: Sony EA, Nintendo, Take-Two, Remedy, Sega, and Square Enix earnings. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:02:35] - Sony Earnings for Q2 FY2023 [00:08:50] - EA Earnings for Q2 FY2024 [00:17:00] - Nintendo Earnings for Q2 FY2024 [00:27:08] - Take-Two Earnings for Q2 FY2024 [00:29:00] - Remedy Earnings for Q3 FY2023 [00:31:02] - Sega Earnings for Q2 FY2024 [00:34:32] - Square Enix Earnings for Q2 FY2024 [00:39:25] - Remedy Update on Project Vanguard [00:42:57] - Investment Interlude [00:56:14] - Quick Hits [00:59:21] - Labor Report [01:14:05] - Listener Questions SOURCES Q2 FY2023 Consolidated Financial Results | Sony Electronic Arts Reports Strong Q2 FY24 | EA Consolidated Results for the Six Months Ended September 30, 2023 | Nintendo IR Presentation for Fiscal Year Ending March 2024 | Nintendo Take-Two Q2 FY24 Earnings | Take-Two REMEDY ENTERTAINMENT PLC: Q3 2023 | Remedy Remedy Entertainment plans to reboot codename Vanguard to a premium game with a strong cooperative multiplayer component | Remedy Q2 for the Fiscal Year Ending March 2024 | Sega Results Briefing Session for the Six-Month Period Ended September 30, 2023 | Square Enix Sony’s Bungie Game Unit Cut 8% of Staff After ‘Destiny’ Play Wilted | Bloomberg (Paywall) Embracer's implosion continues as Star Trek Online developer Cryptic Studios lays off employees | PC Gamer Motorsport Games to lay off up to 38 employees | GamesIndustry 100 Thieves to cut 20% of its workforce | GamesIndustry The layoffs continue: Ubisoft cuts 124 jobs worldwide, including nearly 100 in Canada | PC Gamer Worker co-op dev The Glory Society has shut down | Game Developer Unity is probably going to do layoffs | The Verge Wayfinder, Warframe publisher Digital Extremes cuts workers, divests from Wayfinder | Polygon Samurai Punk is ceasing development | Twitter Samurai Punk staff | Twitter Amazon Lays Off 180 Employees In Its Games Division | Aftermath INVESTMENT INTERLUDE Global Gaming Report Q3 2023 | Drake Star Atari enters into an agreement to acquire Digital Eclipse | Atari System Era Acquired by Devolver | System Era Midwest Games secures $3m in funding | GamesIndustry Neowiz invests in Blank Game Studios | GamesIndustry