The games industry has been hit with over 20,000 layoffs since 2023. It feels like new announcements of team reductions and studio closures roll out every week or so. With an industry in crisis, you would expect major success stories to stick out and be rewarded. Marvel Rivals, NetEase’s hero shooter, which was released in December 2024 and has made $2.9 billion this quarter alone, is one such runaway success story—an increasingly rare one in the video games industry.
This is why everyone was blindsided when NetEase laid off the game’s director and the entire U.S. team on February 18, 2025.
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