For context, earlier this week Hasbro (owner of Dungeons & Dragons and Magic: The Gathering) announced that it would be laying off 1,100 employees as a way to “modernize our organization and get even leaner”. Not soon after, it was revealed that an avalanche of employees from both D&D and MTG had been laid off.
In an investor meeting in October this year, Hasbro CEO Chris Cocks specifically mentions Baldur’s Gate 3 as a contributing factor for a 40% increase in digital gaming revenue, alongside Monopoly Go! and Magic: The Gathering.
Well yeah, obviously you gotta fire whoever was the cause of a 40% increase in revenue, otherwise that could even raise to 50%. Where would it end?
Always safer to go with what you know: letting the ravenous mob desperate to throw money at you know just as soon as possible that you’re taking steps to remove anything they liked about your product.
Do you think they can get lean enough to break even in their future?
What the fuck is that logic even? These people contributed to making a great game that made you a ton of money and you have them fired right after. I can’t see how that makes sense, if they succeeded once, surely they can make other great products.
Layoffs make the stock price go up. It’s a “look at all the money we are saving!” Move. Get a short term profit at the expense of long term gains, because to shareholders short term profits matter more.
Well yeah, obviously you gotta fire whoever was the cause of a 40% increase in revenue, otherwise that could even raise to 50%. Where would it end?
Always safer to go with what you know: letting the ravenous mob desperate to throw money at you know just as soon as possible that you’re taking steps to remove anything they liked about your product.
Do you think they can get lean enough to break even in their future?
What the fuck is that logic even? These people contributed to making a great game that made you a ton of money and you have them fired right after. I can’t see how that makes sense, if they succeeded once, surely they can make other great products.
Layoffs make the stock price go up. It’s a “look at all the money we are saving!” Move. Get a short term profit at the expense of long term gains, because to shareholders short term profits matter more.