In line with the ongoing trend of layoffs sweeping through the video game industry, Corsair has announced the dismissal of approximately 90 employees as part of a broader organizational restructuring. This decision reflects the persistent financial challenges and market instability that have plagued the industry throughout 2023 and 2024.
Despite these setbacks, Corsair’s CEO remains cautiously optimistic about a potential recovery in 2025, though the impact of these layoffs continues to cast a shadow over the company’s future.
Highlights
- Corsair joins the industry trend of staff layoffs due to financial struggles and market performance concerns.
- Layoffs at Corsair echo a larger pattern of instability in the video game sector, impacting various companies.
- Corsair”s CEO expects 2025 to be a recovery period for the industry despite layoffs; uncertainty persists over the impact of restructuring moves.
Adding to the seemingly relentless layoffs in the video game industry over the past year, Corsair has announced that it plans to let go of roughly 90 staff members in an “organization change.” While Corsair remains one of the top companies for self-built PC products and gaming accessories, the continuous financial struggles of the industry have once again resulted in a workforce reduction.
Throughout 2023, dozens of AAA and indie game publishers, development studios, and hardware manufacturers saw massive layoffs, leading to thousands of employees without work. Repeated layoffs by Embracer Group, Microsoft, and other top companies sought to “reduce costs” and “restructure work models,” leading to instability within the larger video game industry as a whole. It now seems that Corsair has been hit by similar uncertainty, as employees across the company received an unfortunate memo.
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According to a July 30 company-wide internal memo sent by Corsair CEO Andy Paul, the company made the decision to let go of a large portion of its staff members after disappointing sales performance. The memo states that “several steps to reduce costs” were being implemented, including reducing the total staff headcount by roughly 90 people. This “organization change” was attributed to a lack of growth in the gaming market in 2024, specifically in regard to PC component sales. Corsair is one of many major brands to announce big “restructuring” policies in response to major revenue shifts, with top names like Bungie and Ubisoft announcing staff layoffs.
Corsair Laying Off Staff to Offset Revenue Losses
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Many within the video game industry have remained uneasy, as layoffs continue to bombard every sector from hardware to creative. While Corsair”s staff reductions are much smaller than the mass layoffs by Microsoft and others, the impact has once again reverberated throughout departments and across companies. However, the Corsair CEO remains hopeful, as he noted that he expects 2025 to be a recovery period for the industry. Analysts speculate that big game releases and new tech upgrades could help to revitalize the video game industry, though only time will tell if that will be the case.
As more layoffs continue to be announced, many remain uncertain of the necessity of these changes. Audiences have questioned companies like Embracer prioritizing shareholders over employees and other big names boasting record profits while slashing workforces. For many, it remains to be seen if these restructuring methods will have positive or negative consequences for Corsair and others in the long run.
