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Microsoft has confirmed a new round of layoffs affecting 650 people. The new cuts amount to about 3% of the global workforce. 

Reliable sources claim that staff at Ouka Studios, a subsidiary of NetEase, has been near-entirely laid off.

After prior cost cutting came up short, Bungie is laying off 220 employees and moving another 230 to other divisions within Sony, to focus on Destiny and Marathon.

Humble Games has laid off 36 employees, initially leading to many believing the publisher was shutting down. However, the company later released a statement on social media confirming layoffs, but saying that the company was not shutting down, but instead, "restructuring".

Embracer Group's latest financial report shows 4,352 fewer employees, 80 canceled games, sales increases, and a renewed future focused on owned and controlled IP.

Phoenix Labs, the developers behind Dauntless and Fae Farm, have laid off over 100 staff today as the team shifts its focus to its live service titles.

Palia developer Singularity 6 has reportedly laid off even more workers today, this time affecting around 40% of its staff. This is just weeks after the studio laid off 49 developers after the launch of the cozy MMO on Steam.

More painful cuts in the industry, as Microsoft is closing four studios it acquired when it bought Bethesda: Arkane Austin (which most recently released Redfall), Tango Gameworks, Alpha Dog Studios, and Roundhouse Games.

Take-Two Interactive appears to plan to shutter two of its subsidiary studios, Intercept and Roll7, under its larger subsidiary Private Division, which also faces layoffs.

In a recent interview, Larian's head of publishing called out the stockholder-focused nature of the modern games industry.

Layoffs continue to rock the industry, as the latest round comes from Singularity 6, the developer responsible for the cozy MMO Palia.

Embracer Group has ended its nine-month long restructuring process after its latest deal to sell most of Gearbox to Take-Two Interactive. Gearbox is also potentially the latest studio to shed some jobs after the acquisition.

Sega Europe lays off 240, and sells Relic Entertainment to independent investor. Meanwhile, unionized Sega America employees get a contract deal.

Crop Circle Games is the latest studio to shut down, following an initial round of layoffs and furloughs last month. The closure, from owner Prytania, comes amid allegations of no severance and other moves to limit employee rights.

Originally announced back at Gamescom 2022, dark historical fantasy RPG Wyrdsong's developer, Something Wicked Games, seems to be the most recent studio to suffer mass layoffs.