Former PlayStation boss Shawn Layden is speaking up to say the demise of the video game industry is greatly exaggerated. Speaking to VentureBeat, Layden said people have been saying for decades that the games business is headed for a downfall, and it hasn’t happened, and it won’t anytime soon. He said the thousands of layoffs in the video game industry in recent times are more of a “mismatch of talent-to-requirements” than they speak to the death of gaming.
“The demise of the industry has been predicted so many times in the last 20 years that it’s almost a joke. We’re fine,” he said.
On the subject of layoffs and the human impact of the past few years in video games, Layden said layoffs are a “lagging indicator” of the industry’s health. That’s because layoffs are implemented to attempt to fix an issue that happened a year ago, he said.
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Source: Gamespot