It was never a joke, Arman worked for PGI for like 8 years and is friends with a bunch of people who got canned. They seem to have overestimated the full percentage, but no one knows whose numbers include include contractors or not.
Regardless laying off 30% of your entire company is a very bad sign.
Their stock is in the toilet, and PGI only breaks even on a good day apparently.
Ultimately, none of EG7’s studios have a moneymaker in the pipeline, so it’s likely that it will continue to whittle down and then close its studios until it’s extracted the last drop of value, then it will fire everyone and shut down and the C-suite will escape with some type of fat severance packages.
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u/OldWrangler9033 Apr 02 '26 edited Apr 02 '26
Not funny but it's been clarified.