Recession-proof? Game Industry Giants THQ and EA Layoff Hundreds
Many, including myself, have touted the fact that games are a recession-proof industry.
Together, THQ and EA have posted hundreds of millions of dollars in losses and laid off over 750 people in the last two weeks.
Doesn't sound very recession-proof.
Meanwhile Zynga is still hiring like mad (check out their open jobs here).
I'm not surprised. I expect social games companies to do better than traditional games companies in the recession.
Here's why:
Traditional games - $30-80 upfront.
Social Games - $0 upfront.
If you don't have a job, which one is more appealing to you?