Take Two FIRES 600 Game Devs after DOUBLING CEO Pay (GTA6) - Angry Rant!
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EVEN More LAYOFFS at Take Two after announcing they'd have no more just Two Months ago.🤦THEY ARE IN DIRE STRAIGHTS GUYS!
After increasing their CEO's Pay BY DOUBLE last year to $72 Million Dollars! And about to make ALL the Money Next Year w/ GT6! 🤷♂️
Angry Rant INCOMING!
Articles cited:
Layoffs ► www.gamesindustry.biz/take-tw...
CEO Doubles Pay ► www.axios.com/2023/07/31/take...
2 Months Ago No More Layoffs Expected ► www.ign.com/articles/take-two...
CEO wants you to Tip Game Devs ► www.unilad.com/technology/mik...
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CEO: "It had to be done. I need money for my 3rd yacht."
Nah. It's a mega yacht.
And it's not even a real yacht lol it's the one from gta online
5th* yacht
Third more like fifteenth yacht
What self respecting CEO would want a yacht without gold toilets & two helipads?
CEO: Hello, I like money. Journalist: What inspired you to fire 600 employees? CEO: Money.
With a hello àla Mr Frog from Smiling friends and the same tone
A friend of David Zaslav?
Lol kidz won't get that these days lol.
Things like this happen to a company that is public. The CEO isn't the only one who likes money. The shareholders also like money.
didnt they dump this guy off a cliff in the trunk of a car in the last game? hmmm
'You're firing me!!!????" "yes, we GTA was a temp job...for 10hrs a day for 7yrs..."
10+hrs a day potentially for some people :((
No its still not confirmed that rockstar devs got fired and its highly unlikely too.. they will fire them when gta 6 will release 😢
Corporate Greed at its finest. Budget cuts to fill the pocket of the big ones. Lmao
It is highly likely they are laying off right now. You need different people with different skill sets as a project progresses through the pipeline. This close to release, you might not need as many graphics designers and script writers. On the other hand, you will need more people with experience developing netcode. So they might lay off 600 this week, but hire 400 the next... just different people with different skills. When GTA 6 is released, there will be a massive churning again, with more people fired and some people hired. It won't be a 1:1 ratio, but the churn is there all the same.
@@krisspkriss That's the most retarded strategy I've ever heard of. Do you have any idea how long it takes for a new hire to become effective in a corporation? How long it takes for your investment to return any value? Half a year at minimum. Meanwhile you're firing in-house talent willy-nilly because profit percent number too low, not as big money, must pay less, must fire employee... Corporations are led by the most incompetent, most disconnected self-absorbed morons. Corporations by design work as follows: if you're fucking great at your current position, they keep pushing you up the corporate ladder to the point when you're doing a shit job and cannot be promoted any more. Broken system, fucking tragedy and something we chose to live with.
Happens all the time in multi billion dollar companies. It’s pure stupidity
Yup, this is more or less what's been happening at Bungie. They had a round of layoffs, and when asked if the higher ups would be taking pay cuts to save jobs the employees were told, "Bungie is not that kind of company."
can be easily fought against if they unionize, thats the whole point in the union so greedy companies cant do that
If it is the free market will punish them, it's a self-solving problem. But maybe it isn't actually stupid, maybe that CEO is worth the money.
@@bobbastian760 sure because the free market has punished what other companies for greed? And the CEO made these games? Do the ceos actively have any hand in making the game? Nope they just benefit from the hard work of others, he might be on top of that marketing lol
@@bobbastian760 how are you still so cucked to free market ideology? capitalism is a cancer that's ruining art and ruining society
I did the math. You could’ve paid 960 employees 75k for a year for the bonus he just gave himself 72m/75k = 960
It’s truly disgusting 🤢
That's not how it works. There are tons of other things the company pays for. Social security, Medicare, medical plans, etc. It's still horse shit but the number is definitely way less. I wouldn't be surprised if it's in line with how many were laid off though lol
Keep in mind there are payroll taxes, 401k matching, medical insurance, travel perks, etc that factor into the individual 'price' of an employee, so your estimate is materially wrong. That said, your point that these layoffs could have been mitigated in lieu of paying the CEO a $72 m is spot on.
but but but what about the yatcht the hookers, and the Cocaina dude!!?? 😂😂
@@luism8130 bait used to be believable
CEO: "I 'Take Two' paychecks instead of one."
Underrated comment 😂
Good one!
I would fire 600 people for 72 million, then I would sleep on a mattress stuffed with money with many beautiful women.
GTA 6 will meet massive negative craps. Thanks CEO 😂
@@Andum48 yap CEO : :"100 mill salary is not enough. Economy is tough you know, I need that 72 mill bonus"
In the 1960’s, CEO’s used to make 20 times what average employees made. Now, they make well over 300 times more for most publicly traded corporations.
Changed in the 1980s when Jack Welch first pioneered this trend at General Electric. Didn't work out in the long run.
@@1krani Thanks for that. Good info to know.
@@Maremons Good to keep in mind whenever someone tries to blame "late-stage capitalism". No, it ain't capitalism that did it, but businesses forgetting that quality is what sells, and quality takes good workers, and good workers require good treatment.
That's because the ceos need to pay themselves a livable wage lol
Layoffs should always start at the top and Wars should always have to be fought by those who start them but alas we are far too stupid and species to use logic or have a spine for that matter. You would bring the industry to its knees of all that happened was everybody delayed purchase by 6 months. Will never happen.
Remember when Nintendo CEO slashed his own pay to keep employees when the Wii U failed.
Cause at the VERY LEAST he was smart. Cause he knew workers are more important in the long run over immediate fucking profit.
That was W moment in the gaming industry. Sad how it’s such a RARE thing for people who make money hand over fist for doing basically nothing let’s be honest. Like you don’t have enough money to survive til your great grandkids are finally entering college?
Yea or when Donald Trump took presidency for no pay. Those are the true heros no one ever appreiates
Remember when Satoru Iwata, former president and CEO of Nintendo halved his own salary to make up for poor sales of the WiiU so that no one would lose their job.
Shows iwata knew what to do and respected his employees. The take two CEO is the opposite.
In other words, he briefly decided to pay himself more fairly after fucking up and putting the lives of bunch of people at risk. Then let everyone know about it for PR.
@@cloverjoker How many CEO's for a large game companywould do that though and not just use the pr version of. "Oh, I'm sorry that you lost your job due to our bad decisions. But, fuck you I want more money for myself."
@@cloverjoker I have no contex for this but it sounds like you are widly misreading it and trying to twist a geniune good gesture from someone who did what noone else did showing what can be done if a company investment does not work out.
Yes what he did was great to us in the west, but what Iwata did is an actually law in japan. Ceo and higher ups have to take pay cuts before mass lay offs in japan.
Claiming "cost reduction" to fire nearly a thousand people while also claiming a $72 million bonus is straight up vile !
Don't buy thier game
Yep, these CEOs are worthless pieces of human garbage that do nothing for the world and yet reap all the benefits. It's disgusting.
You sound surprised. All company execs and ceos don't want just some of the money, they want ALL of the money. If it means firing 800 people. Tough shit. They would burn your house down for another couple hundreds or bucks if they could. It's vile, but not surprising. 🤷🏻♂️
@@chinghamburger2200 like how all those rich people started buying land in Hawaii after the fires 🔥 like Oprah. Literally burning houses to the ground for quick profits
With this CEO's bonus alone you could've financed an entire game production.
100% there needs to be a Game Devs Union force. Bc corporations seem to ONLY get greedier and greedier when THEYRE the ones rich living in ice houses with nice cars and vacation homes while their employees are underpaid and cut. This is exactly why, even when I was a media arts and animation major, wound up just doing basic jobs bc the industry is fucking insanity. This shit makes me so angry bc it was a dream/ passion I truly wanted growing up in the gaming boom. But I have faith it’s all coming to a head. One day these greedy corporations will get what they deserve.
Same. Didn't even go to study Game Design or any such. I'm better off being a glum salesman on the phone.
@@Mayhzon facts man. It’s not only stressful but just toxic and I want no part of it. The only way to be independent or with an independent studio without bs is to be already established
You figure Hollywood's writers guild would pick them up. They're doing essentially the same God d**ned thing. 🤔
CEOs and upper management won’t as much as you have faith in the idea. They all have connections and golden parachutes, they won’t have to work for the rest of their lives or will already have a nice cushy position at another company lined up before the firing emails even are sent. It will be the grunts who get royally screwed
Is this the same guy who said games should cost $150?
Joe?
No chance
The CEO is the spirit of the company. He is willing to “Take Two” salaries 😂
*sigh* .....bravo sir..... bravo.
Two regular salaries wouldn't even come close to what these CEOs make. Still funny, though.
Its gonna probably triple when gta 6 comes out unfortunately.
Let's boycott GTA6 then.... oh wait, nobody will give a shit the second it releases :-(
sad trully
exactly! no one actually practices what they preach.
Including most people weighing in on here.
@@chronicpark670 SPEAK FOR YOURSELF!!! "NO one"
@@DeathCluntch lol. is this your first day on the internet? Ill speak whatever the hell I want man. dont like it? I dont give a shit.
Happens everywhere. Happened 3 times in the last 3 years in the large health care system I work for. Every year, around the hols, they've been closing labs and firing techs. Mean while, our CEO releases emails telling all of us how he deserves his 20 mil bonus One of my direct coworkers was hired and then fired 3 months later
Healthcare is the most disgusting money making system in usa
stay blessed Joe ! all the love from the middle east been following you since forever !
the downfall of mankind ---> corporate greed
Always has been. The destiny of our destruction have been the greedy and overly ambitious since the beginning of time. They own everything and we work for them in their world just to buy the things they force us to make for ourselves. Congratulations you're a slave
Well, it has been said that the love of money is the root of all evil.
There is a solution. Refuse to purchase the game in the first 6 months. But that would almost be like a hardship and you're willing to complain but you're not actually willing to do anything about it are you?
not corporate greed, just greed.
Shouldn't the phrases be reversed with corporate greed leading tot he downfall of mankind?
Triple A gaming industry acts like it's financially hurting when majority of the time it's just greed not them being in any real danger.
Greed is like the #1 reason why most things succ. Someone wants more than they need and it causes an imbalance all for the pursuit of profits.
The industry just follows the demand. If mouth breathers are spending thousands on a shitty game through microtransactions, why would the companies care at all? The way you people talk about AAA gaming, it's like you genuinely think they are just bullies. They are a business like anyone else, consumerism is driven by the consumer, not the producer. Stop buying every little nerd toy and dipshit video game when it comes out. And maybe the industry will realize they can't sustain their business at that rate. Or you can just keep buying games for $70 that aren't even complete, and then spend another $10000 on in game bullshit no one cares about. And then cry about the state of the industry...
@@nathanwho1384real
You just described most corporations.
@nathanwho1384 nope it's driven by fiduciary responsibility. This is balanced against nothing else.
Pretty much any time in America you ask "Why doesn't this work?" "Why is this so fucked up?" or "Why did this happen?" the answer is pure and absolute unchecked greed. Usually of the corporate variety.
Great commentary Joe 💯 you always have an interesting and insightful view of these types of topics
Former developer here. This is how it usually goes these days. We grind and work our ass off for years, and once it gets closer to release they lay off as many as possible in order to save money on staff combined with high sales once the game releases. In this way they make the most money possible. When you’ve done your part of the development you become a burden for the company and a cost since they don’t consider that my hard work will pay for itself many times over when gamers buy our game. I sacrificed my relationship, I moved away from my hometown and said goodbye to family and friends just to work for a company that broke me down. It’s like boiling a living frog, they do it slowly so you don’t even notice how it kills you day by day. And that is why I am a former developer 😊.
Wow thats sickening. No wonder indy gaming is the way foward not AAA.
That is disgusting. Sounds like game industry needs to unionize.
I hope you form an indie studio, even if just by yourself. I wish you the best.
If you ever decide to go indie, I hope the greatest success for you my dude.
@@Kornelius707 How would that help? All that would do is convince companies to look for overseas workers instead.
As the CEO of Larian said: The mass layoffs aren't about fear of bankruptcy. They're about the fear of pissing off share-holders.
Unionize developers and promote private companies rather than publicly traded ones. That's when quality will return.
It's all a pyramid scheme.
@aeringothyk5445 Being a Union man myself, I agree with this. Corporations hate unions for a reason.
@@davidwhite206 Not hate. They fear Unionized Employees, because they know your power. They quake with a very real chill running through their vacant hearts.
I really hope when Sven retires, he has a successor who upholds his values
"We 'Take Two' shits on our hardworking employees every single day"
CEO: "Some of you May Fired, But it's a Sacrifice I am Willing to Make."
People like this are the real criminals in my eyes. Leaving hundreds jobless so that you can make more money is insane especially when you’re about to make billions….nasty work
Das just capitalism, baby. And we don't want filthy sOcIaLiSm, do we? We don't deserve a roof over our heads with no strings attached nor better workers' rights. I fucking hate this place.
just like amazon and these fast food companies making billions in profit every year but have to be shamed and dragged to pay a few dollars over min wage not even a livable wage.
"The love of money is the root of all evil." - The Holy Bible
@@SunnyLovetts the bible may have gotten a lot wrong, but the writers cooked with that line.
In fact, studies show that people in CEO positions tend to have higher than average psychopathy, because it's precisely a lack of empathy that is required to be able to treat people like disposable resources without any moral conscience.
You think they care? Everyone here will complain about this, then still pour their money into GTA 6 making take two a pile of money
Right... We complain then forget about it a few minutes later it's harsh reality
Yea it smart they dropping game next year. By that point we will forget or some other company does dumber or equally dumb shit to push this under the rug.
yea, thats how it is unfortunately, and gta 6 will earn billions no matter what
I'm not buying gta 6.
I was just thinking the same thing. If it does make the money AJ is predicting, it will won't be because of me. I put it on my life, I will NOT buy that fucking game.
Joe: "...CANCEL MULTIPLE PROJECTS IN DEVELOPMENT!" Me: "Wait, they had projects in development? I thought all of their non-gta6 devs were working on shark cards"
well said mate 100% agree with you and hope all the family's are fine and find a job straight away
Remember what Nintendo did during Wii u era? The late CEO, Iwata decided to cut his own salary to avoid layoffs. More time goes more I respect him more.
Unfortunately, there's no honor among corpos these days.
Iwata was a shining example of a CEO that truely cared about his workforce. He accepted the wii u did not perform like they expected and cut his own salary so his staff could still have a job. These days these companies just couldn't care less about their staff and this crap needs to change
Think I saw another comment here stating that that was more of a policy or law in Japan which prevented mass layoffs. In other words, he had to do it whether he wanted to or not.
And then he died! We yet live to feast upon the flesh of the living!
@@GIJosepThat person looks for the negative in everything. Idk about the CEO so I cant make my conclusion but everyone else said he was a good person and was actually hands-on aswell. The person who brought up what you said sounded like they would twist anything in a negative. Ex. If I saved someones life that person would of said I dragged them against their will and resuscitated them non-consensually.
Corporate greed is disgusting.... like this ONE guy can do the work of 600 people.
When needed, they'll hire those 600 back.
Welp, bye bye GTA 6 hype 😂
GTAVI is gonna be buggy, unfinished and a complete disaster. Take Two CEO: "Duhhhh that's what gamers want are unfinished games that are patched later." 🖕🏻🤡
@@JGSuttonJr with half of their previous salaries😄
@@JGSuttonJrNah they won't. They'll just find new bodies. Yes the video game industry calls their workers "bodies." They don't think of their devs as people, only numbers. Only bodies to be discarded when their use dries up. Then they just purchase new, fresh bodies for their meat grinder. Remember it's perfectly moral to pirate from these video game companies. Whether it be abusisoft and ea. Or actiblizz and take 2. Everyone should pirate ALL "aAa" company titles.
i love how you visually never change llol
Thank you that you keep using your voice to put a focus in this absurdity!
CEO - "firing 600 people was a sacrifice i was willing to make for my obscene bonus and stock buy backs."
To be fair, 99% of the people in this comment section would fire 5% of their work force for 72 million.
And its funny cause they dont give a god damn how bad THIS makes them and the company look..but god forbid if they offend a minority race..or LGBTQ.. or are associated with ANY one measley person whose said something remotely offensive.. PR damage control out the ass if that happens..But lay off 600 employees after their years or hard work, while close to launching the biggest gaming title ever PLUS cash in and split a 75 MILLION dollar annual bonus at the same time? Ehh.. no big deal. It literally makes no sense how these corporations operate. Its like their run by aliens disguised as humans cause ive never met a single person who would be THAT miserable in my 32 years alive..No one even CLOSE.
@@Andum48 I know everyone dreams of being rich but surely once you have a nice house, nice car and can afford to go on holiday anywhere you want what else do you need? If you have $100 million in the bank what difference will another 10 make?
@@Andum48maybe once. Not 3 times.
@@Andum48 I doubt it. I think most would toss out less than 1% for a few million sure. The big difference is those people are probably suffering financially or at least not well off. The Ceo who already has million's of dollars isn't doing it for financial security but for sheer greed.
Remember when a Nintendo CEO cut HIS OWN pay when the Wii U when it underperformed? Good times.
In Japan, they value honor. When a project flops, the boss feels that they failed everyone. In the USA, they value ego. When a project flops, the boss blames everyone else.
Japan also surprise attacked my country while they were in peace talks. And to this day refuse to admit to their atrocities in China and throughout the Pacific during World War Two. They don't value honor when it actually matters.
Japan also has more reasonable pay caps for the bosses. More reasonable than the US at least.
@@reddeaddude2187 Yea let's look at history and drag it into the present because why tf not.
@@reddeaddude2187no german cars for you, no japanese video games for you, no italian cuisine, no chinese products for you, no country for you to live in since at some point in history they've all done a bad. Go be a pirate on the open sea with your 2 year olds attempt at devils advocacy
Ngl Joe this was one of your best rants in years! Keep it up 😂
Thank you guys for standing up and talking about this ❤❤
I just find it astonishing that they aren't happy with making billions of dollars every year while actual hard working people are barely making 50k a year.
Yeah feels like all their wealth makes them think they are some sort of elite human being and poor people deserve to be poor because they are a lesser of the species. Every wealthy person I've ever spoke to claims they "worked very hard" for their fortune when what really happened is they had the privilege to jump through certain hoops to amass a fortune. Yeah, jumping though hoops can be "hard work" but the opportunity to those hoops is usually pure privilege.
How do you think they make their billions? It's not by paying the workers.
@@PP7Silenced It is all one big club and you and me are not in it, random people don't get into these positions, they are raised from birth for them, or they married into them.
@@JoshDragRace0688 Classic Carlin. Love it.
their devs are very well paid tho, the 100-150k+ range at least. It's a lot of money to pay out every month if you don't need them. And yes the CEO is the one who takes the money home, but hey that's capitalism for you, american values and all.
AAA Executives: "Game development has become extremely expensive in the last decade" Of course it has, with these selfish hacks running the industry.
Meanwhile small teams or single persons are releasing banger games, partly looking amazing, for like 20-30€ Ridiculous.
It's insane. The CEO will take 99% of the money a game makes. Not to mention the ridiculous amount they spend on graphics, and hiring consultants like SBI. No wonder it's so expensive, they're wasting so much money!
Fully agree. It will become even worse for them, when more and more indie game studios take over their job.
@@Polygarden that would probably be the best case scenario.
This happened at my work last year. 3 staff from each main(none office) departments laid off 1 month after the Director said we’re not laying staff off and the Business is booming. 2 months pass and all of a sudden there’s 5 brand new Tesla in the Directors and management parking.
Gamers are to blame, not the chairmen.
Exactly. We'll buy the games, AJ will review, and all will absolutely exclaim how great they are. Haven't bought a new release since GTA V.
Bullshit. Gamers have no say in how the board runs the company, layoffs or canceling of projects. We have buying power for sure, but that won't change this bullshit
there were new releases?
I legit had started miscarrying during Thanksgiving one year and called out of work the next day as I began to go through the worst throughs of it all. The company revoked my holiday pay, even though I had a doctor's note could prove I miscarried and was told to use my vacation time instead. Company policy was thrown at me specifying that if an employee calls out a day after a holiday that the company could 'choose' to revoke the hours. They admitted they talked and decided to yank that out from me during a horrible moment in my life. This was a multi-million dollar company, I worked directly with the CAO & CEO every day. I left and told them that losing my baby was not a vacation and they could shove it. Company's don't care about their employees, they just care about the profit.
Damn that's terrible, I'm sorry. This is why so many people are working for themselves or starting their own businesses.
@@benpokeWe need mass unionization is what we need
You should've sued them, sorry for what happened to you
Studies show there are more psychopaths and sociopaths in CEO positions than in mental asylums. Modern CEOs are horrible people on average.
Did you report this?
"Dont pirate, support the devs" Meanwhile: Company fires developers after finishing large project
Yeah, send tips cause the developer you love might lose his job soon
Yep thats the problem here. The money goes straight to the top and there is no trickle down.
@@PP7Silenced No the problem is people still believe that people at the top will even let money trickle down to their subordinates. There is no fucking trickle down because rich people will never allow there to be. That ideology was DOA 4 decades ago.
Y'all realize devs get paid no matter if you spend money on a game or not? They get paid a salary each month dumbasses 😂
💻🧂
The biggest problem with the corporate capitalist model is that companies want constant growth month after month year after year but the problem eventually is that you hit a plateau and instead of being content with making the same money they will fire people and cancel programs/ projects and make who’s left work harder to increase the stock value. Also remember a CEOs job is to make money for the shareholders of that company not to care for the workers even though it’s been proven that if you take care of your employees that company will make more money… But the American corporate model comes from ford vs dodge. To make it simple and quick Ford wanted to lower the price of his cars some and increase the pay of his workers hoping they and others would buy more of his cars but the Dodge brothers who had worked for him and were then shareholders sued and ford lost the ruling was that a company should only make money for the shareholders and basically forget the employee
Thank you for sharing; I hope this continues to spread and people don’t buy the game
That 72 million dollar bonus would have easily paid the salaries of those 580 laid off workers for a year. Absolutely disgusting.
but you see hm or his kid or wife needs another over priced car like ferrari and or watch. Economy is tough you see . sad
CEOs are despicable. Hate rich people
The CEOs needs more yachts and mega mansions. Fuck these regular people who lives from paycheck to paycheck who has to put a roof over their family's heads as well as put food on the table for said families.
@@npcimknot958Not all rich people behave like this. This is a reckless critter.
But how will the CEO be able to live without being able to buy that jetpack he always wanted?
Costs $50 million to save over 500 people from being jobless or spend $75 million on one CEO's bonus...
Keep up the good work and content 😊😊💯💯 the angry Joe show is amazing and entertaining 😁😁😁
I worked a lot on optimizing operations in firms, what disgusts me most is first, if the "streamlining" is true, it was already in process while they announced no body is getting fired, and second, personally, I am okay if you fire me if you need but it is so cruel that you do not even warn your employees so they look for alternative positions or at least have some plan B in mind.
I work making children's clothing. The company I work for layed off 200 people 2 months ago and we just had a company meeting about how the company has been doing its best financially the last 9 months. No raises no bonuses but the CEO came in with a brand new 250k car the other day. Something needs to be done across all corporate companies. This is life draining
How flammable do you reckon that car is? Maybe someone should find out.
this is how capitalism works. Rich are getting richer, poor...you can guess it
@@1222dss This is a cliche corporations feeding you. Please, start thinking for yourself or find someone who will do it for you (a real journalist in your country for example). This has nothing to do with a state system (i.e. democracy or whatever). If you have an independent government "this is how it works" will not happen.
Neoliberalism is a f*cking cancer.
@@1222dssyea Elon Musk was raised with a silver spoon, same with Bill Gates. If you do any real research you quickly find out the majority of generational wealth only lasts one generation. And many of the richest people now are self made. And I’m sure someone will start citing royal families or some nonsense, that represents a very small portion of generational wealth. But I’m talking the majority.
At this point, its better to buy shares of a Company than work for it. 😐
Hey wsp Joe how you doing buddy. I hope you have a great day bud. Great content thank you for sharing. With us thumbs up 😃👍
And these CEOs want us to tip the devs. Lmao. Pay them ya greedy punks.
"These CEOS" Bruh it was one Ex CEO. One. Just one. Where did you get the Plural? Your mind?
@@refugeehugsforfree4151 and what makes you think the others don't have the same mindset?
@@refugeehugsforfree4151 What about the other CEO that wanted to charge for reloading guns? The vast majority of them share the same ideals, because money goes to people's heads. The only ethical CEO I have ever seen in this industry is Swen Vincke.
@@TheBakerZen there's hundreds of CEO's you're just going "Suits bad!" while the devs get millions in funding to create literally trash garbage.
@@Loug522 What makes you think all the Devs actually work and aren't Lazy I.E. almost every single AAA game for last near decade. Have you not seen the videos of game Devs on Tic Tok a year ago of them describing their work days? LOL Literally nothing but "Meetings" then an hour of work, and two hours of breaks, ended with their own in studio Bar (Yes Alcohol) and gaming room LOLOL with their own private booths. "Suits bad" while the Devs get paid more than the average American to sit in AC and get drunk.
You notice the only people NOT getting fired are the CEO's......
They made mad bank during the "pandemic"
They never do. Endless raises. When they do something unforgivable, they "leave to pursue other interests/time with family" with overly generous packages and a nice invite to another "job" shortly after.
Only customers fire the CEO's and enough people keep buying the products. Transformers Age of Extinction is a good example. It's a movie that nobody really liked, it was middling reviews but guess what? Made over a billion dollars. CEO's produce trash, and people keep eating the slop.
The estimated Net Worth of Strauss Zelnick is at least $294 Million dollars as of 13 April 2023. Mr. Zelnick owns over 68,351 units of Starwood Property Trust Inc stock worth over $4,265,891 and over the last 16 years he sold STWD stock worth over $289,009,028. In addition, he makes $259,435 as Independent Director at Starwood Property Trust Inc.
??? Bobby.
It's insane. The CEO is literally the type of villain actually portrayed in most of these GTA games.
This is why I don't play games no more and this is why I don't pay taxes
That is what CEO does. They go to the company, announce revenue improvements, they crunch their teams, the project is finished, and they fire everyone. Mission accomplished, they get their bonuses.
Yep and then they "do the right thing" by hiring a bunch of new people at lower wages to work on the next game. Maybe games take so long to develop because employees are milking the clock, knowing the unemployment line comes right before launch.
@@PP7Silencedheart and soul are no longer present in today's gaming industry.
These employees are the discarded juiced oranges.
@@PP7Silencedthat's true. Every year a whole bunch of new suckers are pumped out of universities, ripe for the squeezing.
The sad part is that it’s not even just a video game industry problem. Much of our current financial systems are built on the promise of growth. You always have to be growing as much or more than you were before. Otherwise investors jump ship and you’re fucked. It’s such a toxic system and incentivizes “restructuring” of the company to meet profit goals. And then the people at the top get rewarded with bonuses while the people towards the bottom rarely see much of anything at all
It's wild. People categorically don't need that much money. Nobody does. My ass is here thinkin "Man if I won 500K I'd buy a fucking house\apartment and I'd be set". Just think about that. Save yourself 800-2000 in rent *every month*. That is such a huge win button but unattainable because of similarly rigged nonsense. And then these clown fucks who by and large do no work, share no passions and have no good intentions just *give themselves* tens of millions in BONUSES. That is ON TOP of badly inflated pay. Gross. Discarding the hard working people who need the income, who want to have a nice CV full of their hard work. This should be illegal. That is the only way I can see of stopping this, is "You do this shit, you get ten years in prison. Per affected employee". Sick of this shit, and I'm not even a dev...
@@chillnagasden6190 I agree, even with “just” 1 million you could buy yourself a nice house/apartment and not worry about rent. As long as you don’t spend insane amounts of money every day you’re set for a good amount of time, potentially even your entire lifetime
@@scarletcroc3821 Don't worry, the system will be forced to change in coming decades because it won't be sustainable in most places across the globe, especially as populations die out in most lucrative markets. Corporations will simply be unable to grow there as there will be less people around to buy stuff, and corporations jumping onto the "AI" money train will be the first to be hit at some point. You can't sell you stuff and/or services if the customers can't afford to buy. And the US of A is a bright example, where the society get drained more and more with every year, people becoming objectively poorer than they were the year before and being forced to work multiple jobs to stay afloat. It simply can't go on forever, either the economy will crash or people will tear the system down. Probably a mix of both.
Problem is the judicial system decided in 1919 that a public company is legally obligated to be greedy "Ford Motor Co. Dodge v. Ford Motor Co., 204 Mich 459; 170 NW 668 (1919), is a case in which the Michigan Supreme Court held that Henry Ford had to operate the Ford Motor Company in the interests of its shareholders, rather than in a manner for the benefit of his employees or customers."
But this is completely not the case here where layoffs are needed. Companies are usually losing money in this case they are not. This has nothing to do with actual layoffs
Software engineer: sir we make artificial intelligence so our work becomes easy and we get some rest. Company: deceased the workforce by half and now your work hours and work remain the same but we have to payless
Thanks for the News and Take Care of Yourselves.
Greed is a helluva drug
The purpose of a company is to make money. That's it.
They’ve earned their greed though so they get a pass.
Lust and gluttony is my drug. Fuck greed
@@KanyeWestIsTheGOAT- no
@@snakeeyesvolley8178 yes
People don’t realize Corporations view people like we look at Resources in a profit game, like “Iron ore”, “Wood”, etc… to be used when needed and then discarded… They only want to line their profits. They don’t see you as a human being, just a resource to be used up and tell you it is “Just business”. Because it’s not their livelihood on the line.
Yup once you're done creating the content, what do they need you for? Now they can infinitely monetize it for decades to come, and leave you in the dust.
Yep capitalism today means humans = commodity. Welcome to slavery rebranded
Exactly and the people who damn near give their lives away to these companies is even more horrible. I go to work and leave F these companies i dont stay after and i dont go in early i do my time and go home.
100%
73 million? For one guy? What did he do exactly to earn 73 million?
Went to important meetings to make "hard" decisions. Also used and knows of a lot of market lingo to make themselves feel smart. There is no way this ceo is worth 600 of his employees. I think more studios should just start up and publish their own games and not go public like Larian Studios.
Much love, Joe. Thank you for shedding light on this bullshit
This is like when companies complain that they can't find any people to work for them while refusing to actually interview and hire said people.
Not to mention all the ghost jobs as well man.
I see Amazon consistently with hiring ads I tried working for them they rejected my application… I have an outstanding resume. Half my work was in corporate America yet I can’t get hired by a simple Amazon or Home Depot can you imagine that. That’s why I say it’s all bullshit they don’t want to hire people they cry and lie about can’t finding people no it’s deliberate.
CEO: "We are down 7% this quarter, we must cut back on spending" Proceeds to fire staff and cancel up coming games that have bean in development for over three years CEO: "For making difficult decisions the company board decided to double my pay" (CEO pay just happens to be 5% out of 7% responsible for losses Next Quarter CEO: "We are down another 5% this quarter, we must cut back on spending"
thank you Angry Joe for talking about this , you are doing god's work
13 seconds in, your anger is palpable 😂 and I agree
Hey angry Joe team, thank you for fighting the good fight, it’s not just video games it’s every corp, they get all of the money while the employees barely can pay any bills.
Facts: sadly.
Notice how they wont say they are not supporting this and boycotting the game? I know i did.
Youre right
@michaelsrensen2452 Brother that sounds like any normal job in existence. Wait until you work Concrete and are physically timed to finish it and make it look good and functional in less than two hours before it sets to the point it becomes so hard to work with you need a machines to even do anything. It is so obvious you kids have not worked a hard day in your life, you worked at Walmart or Mc D's. That's it. Every single Job has Overtime. They get paid for it, I don't.
This happens every where. I work in health care, this shit happens all the time. We have given the keys to these people. Watch people justify the situation.
Yeah its fucking sad we cant afford medication we need even with employee health benefits and god forbid we make less money to qualify for Medicaid. Its a shitty rock and a hard place and while government assistance could help alleviate a lot of these problems, people are so divided you could put a liberal and a conservative in a desert and they would die from dehydration while arguing over whether or not its "sunny" or "cloudy" that day. Someone always has to be wrong and it feels hopeless.
@@PP7Silenced it's really because money and politics are so mixed together they will never solve anything. Until that ends it will just continue. I just focus on what I can control and do the best I can.
@@xlM3RCxlwe live in a world where kicking a ball in a goal post makes you stupid rich I keep telling people once you master the skill that life is not fair you can actually enjoy life
Yup,so true unfortunately. The hospital I work has gone through several CEO’s and each time we get a new one there are always layoffs.
@@PP7Silenced It's almost as if that Bernie guy was right about healthcare all along or something
I’d love to see yall do wow expansion reviews.
The situation is worse than you think, the $5Billion in revenue is nowhere near as bad as the truth. T2's earnings were ~400M in the last few years until 2023. They reported record revenue, but weirdly, they had -1.12B in earnings this time. This combined with the negative cashflow would explain the layoffs, because cashflow and layoffs are often correlated, but that doesn't explain the negative earnings. I did some digging into the company and if you notice, they've been buying companies like Zynga, Top Eleven, and GameClub. Microtransaction heavy companies. The sinister part of this is that it turns out, the CEO (and I think another executive) both earn 25% of their bonuses based on "recurrent spending" aka microtransactions. What they might be doing is they're laying people off and putting the company in the red, all to boost their microtransaction revenue and their own pockets. How is this not a conflict of interest?
When average employees get a raise: +0.5% pay When CEO gives himself a raise: +100% (double) on an already inflated salary.
72 million in bonus vs. 580 employees avgs, out to $124K /employee. We can imagine how that bonus is being paid!
bingo
Oh damn. The math checks out. Wow.
No way all of those employees had an average salary as high as $124K
@@Kaylakaze 70-100k and then matching for 401ks and stuff like that is plausible...
@@Kaylakaze That's actually a low end salary for software developers these days. Check Glassdoor for software developer salaries by region.
Joe is furious, nice rigs in background :D
Said this multiple times in other videos and creators. The gaming industry is in the worst shape it’s ever been. I’m 38 and started on the NES. Gaming was a hobby most didn’t understand and games were pumped out for enjoyment and to explore fantasy, storytelling or just to escape the day to day stresses of life. Games have turned into a casino where it’s max profits over everything else. Game isn’t done? Start a fundraiser. Game needs more development time? Release it and call it early access. Extend profits after the game is finished? Throw microtransactions and a battle pass. It’s pathetic
A grim reminder that Corporations do not like either the consumers nor their employees, both are "human resources" to be exploited and expandable
just a question... so you are saying the people generally like the board of directors?
FYI, not gaming related but during the pandemic the CEO of Texas Roadhouse actually gave up his yearly bonus and a years amount of pay ($800,000) so that they wouldn't have to reduce the pay of any employees or have to lay anyone off. So be sure to support businesses that actually care about their workers.
With how much greed the US has, it's heart warming to hear a story like that.
Fuck yeah, that's real american behavior. Watching out for and treating your employees like family. Glad someones keeping the old ways alive
Love that place. Had no clue this happened, gotta go this weekend!
Exceptions to the rule exist. Meanwhile, other corporations claimed COVID relief money and then fired all their workers.
crazy stuff 😢 have a good day 😊
I hope all those dev can find work or come together to make their own studios.
Meanwhile, I worked for 2 months straight as a general contractor with a crew of 3 guys and I ended up paying out of my own pocket to finish the job within the customer's budget without cutting employee wages, even though they made mistakes that cost me money... It was a learning experience for them and an investment into my new crew/company. I skipped my own rent for a week so my crew gets paid and I'm playing the long-game for my profits... Corporations are the definition of inhumane.
People can look up where these CEOs live and make the news if people wanted to.
God bless to you sir
@@jeran2010rioyamato We don't need the handicaps of cheaters to win because the only way everyone wins, is fairly... Eventually everyone recognizes that cheaters only burn bridges while we prosper in comradery! A true victor accepts their losses proudly and moves on, only to further improve; a cheater denies the challenge to improve entirely! It's disappointing how many prefer the short-term gains but they're just playing by the rules written by cheaters masquerading as victors. United on the right side, we fight the good fight!
Hopefully God could replace it with the better project for you
Indeed…
As long has consumers keep buying these products from these corporations, they will keep doing this greedy garbage..
i use to play nba 2k every year from 2k8-2k16 then stopped because micro transactions were too annoying....and they've only gotten 5x worse! Take 2 released a report recently i think and it was along the lines of.....nba 2k23 made like $1.4 billion dollars and 75% of that money was people buying in game items. i avoid micro transactions like the plague but enough gamers dont. whether its shark cards or rippin packs in 2k they're spending lots of money over and over.
Disney
I love all the battle pass's, DLC's and stores, gamers did it to themselves. A fool and his money and A LOT of gamers are FOOLS................
And as long as the employees don’t go to the CEO’s house and make an example out of them this will keep happening.
@@TruthorfibWhat's wrong with Disney? Or are the bigots that dislike any inclusion the issue?
It’ll be dope if you were a ceo to these type of companies! I also love your ceo money hungry character!
I'm fairly certain the the upper management has these bonus criteria clauses in their contracts. They'll simply do anything and everything in order to reach them.
Video games industry have a big problem and its not the employees.
It's the players. Sorry, the consumers.
@@archersterling6726well their main consumers are being replaced for ppl from the third world. I'm no expert but I don't think they play many games or spend even close to the amount Europeans spend on games. Maybe the new arrivals will be just as into gaming as we are but I have doubts.
@@archersterling6726 Yes. Gamers will complain and yell about how bad the company but still buy the game. Angry Joe is going to buy it as well. This is all so disingenuous.
@@archersterling6726 the people who make the games, the employees, are not protected enough it is not the fault of the consumers, we just don't respect workers at all here in the US
The sad part is, it's also the employees. So much incompetence and agenda BS in the last 5 years.
I do love the dedication of OJ and Alex just playing games behind you while you make a world class rant. Their headsets on max volume.
Imagine if there was a framework of rules that said something along the lines of: top management (C suite) salaries cannot combined exceed a percentage of the business total yearly revenue. Rule should only be valid for companies over a certain size.
As a game developer caught on this bs… it helps if players gives us a hand. We love making games, we do! but this is killing us. Worst stories I heard from my colleagues are about relocation: Step one: get hired with the condition of relocation to an expensive city. Step two: break your rent contract, pay the fine, get a U-Haul Truck, some help to carry your furniture to the truck, make sure all the utilities are paid for etc. Step 3: Sign a new lease, provide a security deposit, utilities etc. Step 4: Begin work. Step 5: Go through a layoff after 3 months, so directors can get more millions. Step 5: suffer.
Last step: find out where this bozo lives
Fucking unionize!
This reason why I am a independent developer
As long as yall Americans keep defending capitalism, no one can help you.
You do understand what true capitalism is right? Cuz what your saying is is not it. @@dangerousdays2052
Doesn’t surprise me at all. The 1% do not give a flying crap about the rest of us. Amazingly we all continue to support these people and companies.
Well, what choice do we have? We have to drink and eat after all.
But we all know Hollywood is evil full of rapist child molesters sex trafficking evil as can get and yet we still support them so idk
@@ninochaosdrache3189 you can choose not to work for major corporations. work for a small business, nonprofit or for the federal/state/local government. or best of all, start your own business and work for yourself.
@ninochaosdrache3189 bruh people in past times would have started a revolution. We have too many comforts now for anyone to even consider getting off their ass to fight for a change
And a huge chunk of the gaming community for some weird ass reason is willing to defend the economic system that not only enables but encourages shit like this like their lives depend on it. You know, that economic system that start with Cap and ends italism
Well said! Where is the speculate to accumulate? I hate these so-called investors! We have everyone from Mr. We Believe in Third-Party Partners stating he was having to make tough decisions that he has essentially been making since 2012. It is shocking quite how many billionaires are getting richer and less people are getting employed! If their CEO was all about the games he would take a 72nd of his bonus from a single year, then none of these development teams at Take Two would have to be sacked at all! SHOCKING!
You deserve EVERE SINGLE subscriber viewer on this channel. The cold and hard truth about the big companies wish your voice can carry more weight to make some change. The elegant and professional talk didn't got us no change, maybe the fucks and shits will, keep it up and share these rants everywhere.
$72 million in bonuses... 72 million / 600 employees = ~$120k per employee. Hmm...
Insurance, benefits, PTO, Taxes, beholden to investors hmmm.....
@@ashtonderojas821 Benefits included you're still looking at the 70k+ range. Leaping to the defense of CEOs is the most pathetic hill to die on.
@TheBakerZen Forgive me did I say anything about what the CEO did was right?
@@TheBakerZen Damn, ur quick to leap to assumptions
@@TheBakerZen Calling out busted facebook-mom understanding of economics is leaping to the defense of CEOs now.
I’ve always wondered how companies can claim that things aren’t successful enough to keep their staff, yet rewards their CEO with a raise. It makes zero sense
As Mr krabs once said "money"
Were you born yesterday?
Ever since that guy started the movement to stop companies from killing games, people have been sharing it across the world and I helped. I’m glad big KZheadrs are talking about it after a few weeks
You guys should make a spoof of the company at their corporate meeting discussing how to fire their employees.
I worked within the financial section as a Six Sigma greenbelt, my manager made it very clear that firing staff was unacceptable. Over time I came to see that laying people off was a sign of poor management, a lazy way out of management's bad judgements. And the gaming industry is the avatar of poor management.
they can become CEO and don't fire people xd
@@kurrwa A great CEO understands why they don't fire people. But those are truly so rare.
@@Dwarficus people must understand they are tools working for someone not for themselves they can be replaced any time especially in days of internet. Loyalty is gone there are too many people for same jobs. Before loyality was rewarded because how hard was to find employees
The unfortunate truth is that although gamers want the devs to rise up and go on protest by not working the same gamers aren’t willing to see GTA6 be pushed back because of so
I don’t need it. Their greed is palpable in their product and now clearly in reality as well with this headline. GTA 5 online is one of the most disrespectful game products in existence. One of the richest companies…hard programs every nuance of the online experience to not give reasonable pay for hours invested…programs exorbitantly priced systems that you only find out about after you spend millions thinking it will provide cash flow and then realize there’s hidden expenses required and tons of unfinished, monotonous maintenance just to essentially break even….adds broken vehicles with griefing being the only obvious use that may as well be mods because of their price which limits access to rich hackers/griefers almost exclusively (fuck the Oppressor)…actually has the audacity to ask legitimate players to spend real money for shark cards while they get griefed by quadrillionaire hackers in EVERY session. I don’t need GTA 6 at all if that’s what it takes to say “Rockstar is a shithole of a dishonorable company after they made their billions from GTA Online and ran off with the money.”
If you're not willing to support your devs you don't deserve their work. This is abysmally scummy and the devs are the ones who can fight back (normal people need to support the fight with money so the devs can live). The truth is they aren't taken seriously until they shut the company down (Nobody can replace them it's not even an option training and raising interest would take about a decade). This is heartbreaking people uproot their lives for this dream position and some were laid off in weeks or months. Some even went to school specifically with the dream in mind of working on the next GTA or Red dead 2K etc....
And yet no one will do anything about it. People will still apply for jobs there, people will still buy their products (as you pointed out in the beginning), etc. It’s sad and frustrating but until people vote with their money, these companies will continue to do what they want at the dev’s and consumer’s expense.
For a few seconds I thought my phone froze in the beginning of the video lol
And yet people will still buy their games like hot cakes and basically supporting this behavior.
Yep, gamers don't have standards and don't know how to not buy a hyped game wthout being impulsed to do so
Thank you for saying it. That's why I am not angry at all. People will still buy GTA6 and their microtransaction BS when it comes out. I'm just waiting for monster hunter wilds and nothing else
0:00 that face we know it’s the YOU DONE FUCKED IT UP face
Commenting this twice?
@@Clarity_Controlit's a glitch in KZhead, as soon as you post a comment it won't show up. It only shows you the second one and the first one is invisible
Oh really? Do you? Its not like he’s been doing it for 10 years every few weeks 😐
70+ million richer... I’m sure Joe has him shaking in his loafers right now 🙄
@@milesharris249 It was a different Comment as he worded it differently