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Well, that explains the mass layoffs.
That’s just how all companies tend to react to global economic downturn (if that’s the right stupid business word)
“Investment” in many cases meaning some publisher gobbled up a bunch of small studios, which are now being shredded because the publisher bought too many small studios.
Maybe just skip a step and let corporations pay a flat fee to dissolve their competitors. Poof! You don’t have a business anymore. Same people, same product, no company, bye.