This Halloween for work, I decided to dress up as Trevor Linden, campaigning to be Mayor. Trevor Linden has always been my favourite Canucks player. Check my previous post on the Canucks, for a picture of when I met Trevor I have a great “Linden for Mayor” t-shirt that I was holding up all day at work today but unfortunately I forgot to bring it home with me.
I didn’t have a lot of time to put together a costume this year since I just came back from my trip, so I kinda went for the lazy costume. However, it is my own jersey and all my own hockey gear, so I think that counts for something, right? It wasn’t this revealing for work; I was wearing opaque leggings
In past years, I’ve gone as Cortana from the video game Halo (I painted it on myself, and made the Guilty Spark too!), and some other typical ones like the schoolgirl and angel costumes. Fortunately, those cliché Halloween costume times are past and I’m hoping to do more creative and interesting video game costumes in the future.
Tonight, it’ll be off to a house party and I’ll see if I can’t modify my costume to be a little more “party” friendly. I’ll update this post later with pictures.
Now that I’ve got the Halloween stuff out of the way, let’s talk about the tech/video game industry and the Vancouver/world economy. Things aren’t looking so great these days, it seems the high tech industry is a little spooked (har har) this Halloween too. You can read more in my previous post on the Vancouver video game industry. And to clear up all the rumours… no, I don’t work at EA — and I never have.
It looks like Electronic Arts (EA) is going to layoff 400 to 500 employees over the next little while. Ouch. That’s a LOT of people. It’s not looking so great for the folks over at EA’s Burnaby campus, which makes up about a third of the company. In its last quarter, EA reported a loss of $310 Million. And the EA stock tanked today after that news, down almost 5% last time I checked.
And the makers of Just Cause (Avalanche Studios) are going to layoff about half their studio in Sweden after losing a couple contracts.
Retailers everywhere are projecting lower holiday sales and less shoppers/traffic in general, so it’s not looking good for many “boxed” video game sales. I’m sure we will see this affect other Vancouver video game companies and high tech companies soon, even though video game sales do traditionally quite well in economic slowdowns.
Where’s the opportunity though? Microtransactions and free-to-play games. Web and casual games. Companies who take advantage of this market may be better positioned for today’s and tomorrow’s economy.
Silicon Valley isn’t doing great either. It’s also been suspected that Yahoo! is going to layoff a ton of employees, perhaps as many as 3,000. But that’s not concrete and many expect it not to be that drastic. And Sun Microsystems posted a much bigger loss than expected. They are planning layoffs as well.
And the economy is also finally affecting the ridiculous Vancouver condo boom. Many Vancouver condos and housing developments are being stalled, including Concord Pacific’s West Georgia Cosmo, and Onni’s V6A condo development, that still has its sales office open and is selling to unsuspecting buyers. Oh man. Onni is doing some seriously criminal stuff.
That’s it for today!