Industry & Business
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IO Interactive Closes Studio, Faces Layoffs After Xbox Pulls Project Funding
The developer behind the Hitman and 007 series is reportedly shutting down its Malmö, Sweden, location due to a funding withdrawal.
Over 170,000 Signatures Gathered in Petition Against Sony's Move Away From Physical Discs
A Change.org petition urges Sony to reconsider its decision to discontinue all physical media manufacturing for PlayStation consoles by January 2028.
Obsidian Entertainment Reportedly Sees Significant Staff Reductions
Sources indicate approximately 25 percent of the RPG studio's workforce has been affected by recent layoffs at Xbox.
Xbox CEO: A Healthy Console Is 'Necessary But Not Sufficient' for Success
Asha Sharma outlines a vision for Xbox that extends far beyond its hardware ecosystem, aiming to entertain over a billion people daily.
Sony's All-Digital PlayStation Future Signals Industry-Wide Shift
The move away from physical media by Sony aims to maximize profits from a shrinking console audience, following a decade-long trend toward digital sales.
Xbox Game Pass Subscriber Count Reportedly Dips to 30 Million
A new report indicates a significant drop in Game Pass subscribers, falling short of Microsoft's ambitious growth targets.
Shawn Layden Believes PS Vita's Feature Overload Led to Its Downfall
The former PlayStation executive explains why he thinks a more focused PSP2 would have succeeded where the Vita faltered.
United Videogame Workers Launches Hardship Fund for Laid-Off Employees
The new fund aims to provide financial assistance to industry professionals impacted by recent layoffs.
Obsidian Entertainment Hit by Significant Layoffs, Approximately 25% of Staff Affected
Xbox-owned studio sees around 60-70 employees, including senior talent, depart as part of broader company cuts.