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Why are the people who make Magic: The Gathering and Dungeons & Dragons getting fired?
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Bibliography:
https://hasbro.gcs-web.com/news-releases/news-release-details/hasbro-names-chris-cocks-chief-executive-officer
https://www.geekwire.com/2023/new-round-of-layoffs-at-hasbro-impacts-wizards-of-the-coast-read-ceos-memo-to-staff/
https://www.hipstersofthecoast.com/2023/10/magic-revenue-grew-20-in-q3-2023-and-the-magic-netflix-show-lives/
https://www.macrotrends.net/stocks/charts/HAS/hasbro/gross-profit
https://www.xfire.com/hasbro-q3-earnings-stock-decline-wotc-high-revenue-dnd-mtg/
https://magicuntapped.com/index.php/news/the-lord-of-the-rings-tales-of-middle-earth-on-track-to-be-magics-best-selling-set-ever
https://www.circana.com/intelligence/press-releases/2023/us-toy-industry-sales-decline-8-through-september-circana-reports/
https://www.the-numbers.com/movies/production-company/Entertainment-One
https://www.brookings.edu/articles/profits-and-the-pandemic-as-shareholder-wealth-soared-workers-were-left-behind/
https://tech.co/news/ceos-taking-pay-cuts
https://www.hipstersofthecoast.com/2022/04/magic-the-gathering-revenue-grew-7-in-q1-2022-led-by-kamigawa-neon-dynasty/
Backup YouTube link: https://www.youtube.com/watch?v=3BPN17KJ_W4&t=8
So much of the team at Wizards has been culled.
Even outside of the MTG sphere, they canned most of the D&D team, including those who helped develop the gameplay system used in Baldur’s Gate 3 which was the universally recognized best video game of this year.
Goes to show that even a team at its best isn’t immune to corporate greed.
From the video, it was insane that several of the highest grossing sections at WotC were culled. With the excuse that they were cutting underperforming divisions.
Absolute madness.