'I've Never Seen It This Bad:' Game Developers Explain the Huge Layoffs Hitting Riot, Epic, and More - IGN
'I've Never Seen It This Bad:' Game Developers Explain the Huge Layoffs Hitting Riot, Epic, and More - IGN

'I've Never Seen It This Bad:' Game Developers Explain the Huge Layoffs Hitting Riot, Epic, and More - IGN

There's a lot of siloed misinformation here.
FURTHERMORE...
This has nothing to do with performance or the economy, and everything to do with late stage capitalism. Companies have a round of layoffs just to bump up their year end statements. Worse yet, they then proceed to hire people back for less money.
It's money-grubbing evil, no more and no less.
While what I think you're trying to say is true, in that this isn't a accidental misfortune of one industry and instead is a commonly used feature of the current system I do think it's worth noting that you aren't correct on a detail.
Right now layoffs are happening in tech, media, and finance but many other industries adding jobs. There's a net positive of jobs added vs these layoffs right now.
None of those jobs would hesitate to lay those people off for a dollar I'm sure. So saying it's everywhere is true in a sense but misleading in another.