The biggest gaming news of 2024: Concord flops, Palworld vs. Nintendo, and more
2024 was a rough year for the game industry. It was dominated by layoffs, significant strategic shifts from some of the biggest companies in the industry, and gigantic live service flops that demonstrated just how hard that space is to break into. In last year’s iteration of this article, I wrote that it felt like I was covering a “video game industry bound to head into an odd 2024 that lacks the known quantity bombshells of this year and continues to reel from layoffs.” That certainly proved to be true.
That’s not to say it was all dour. Some fantastic games were released, with some surprise viral successes like Palworld and Black Myth: Wukong showing how the right games since have the potential to resonate with millions of players. The video game industry is hurting, though, and looking toward 2025, the launch of Nintendo Switch’s successor and Grand Theft Auto VI will have to do a lot of heavy lifting to get the industry out of this rut. These news stories shaped the video game industry’s tumultuous 2024.
Recommended VideosLayoffs did not slow down
2023 was historic when it came to the number of video game industry layoffs that took place during it. Somehow, 2024 surpassed it. Companies like Embracer continued their downsizing initiatives, but it wasn’t the only major culprit this year. That dubious honor goes to Microsoft, which has laid off nearly 3,000 Xbox developers this year following its acquisition of Activision Blizzard. While there was hope that the finalized purchase would lead to
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