Layoffs in the video game industry have been extremely high in 2024, with an estimated 11,500 workers laid off from companies like Ubisoft, Bungie, and many others. But now, former Sony executive Chris Deering is coming under fire for claiming that these layoffs are not the result of corporate greed.

Deering, who is the former President of Sony Computer Entertainment Europe, recently appeared on Simon Parkin's Eurogamer podcast, My Perfect Console. During his conversation with Parkin, Deering shared his perspective about the massive layoffs that are rocking the industry.

"I don't think it's fair to say that the resulting layoffs have been greed," noted Deering. "If the money isn't coming in from the consumers on the last game, it's going to be hard to justify spending the money for the next game."