paxys parent
The company you admire died a long time ago. Their focus today isn't on these historic franchises but releasing the same FIFA every year with new forms of microtransactions to hook a new generation of teenagers. And they have already laid off several thousand employees in the last 2-3 years.
This move will only lay off thousands more, sadly. Like the gaming industry needed even more veterans kicked out.
It's definitely not good times at all, no matter how you feel about the companies. Three of the largest 3rd party western studios in the last 3 years are being bought out. This doesn't bode well no matter where you are or what you consume in the industry.
The nice part about this is when employees get laid off they distribute their talents to other companies. And now the barrier to entry to starting a small indie outfit is so much lower.
They don't just simply disappear
That’s a very rosey interpretation when lots of veteran game devs are struggling to find work or capital for small studios.