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PlayStation Veteran Blames Gaming Industry Slump on Pandemic Overexpansion

Summary by technewstube.com

Former PlayStation executive Shuhei Yoshida has attributed the current wave of video game industry layoffs and slowdown to companies overextending during the COVID-19 pandemic. "I think it's an overreaction to the COVID situation. Companies invested too much, including ourselves. Then we had to face reality and make adjustments," Yoshida told VentureBeat in an interview. Yoshida, who left Sony in January after 31 years at PlayStation, suggested …

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technewstube.com

PlayStation Veteran Blames Gaming Industry Slump on Pandemic Overexpansion

Former PlayStation executive Shuhei Yoshida has attributed the current wave of video game industry layoffs and slowdown to companies overextending during the COVID-19 pandemic. "I think it's an overreaction to the COVID situation. Companies invested too much, including ourselves. Then we had to face reality and make adjustments," Yoshida told VentureBeat in an interview. Yoshida, who left Sony in January after 31 years at PlayStation, suggested …

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technewstube.com broke the news in 3 days ago on Tuesday, February 18, 2025.

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