The games industry has been hit with over 20,000 layoffs since 2023. It feels like new announcements of team reductions and studio closures roll out every week or so. With an industry in crisis, you would expect major success stories to stick out and be rewarded.

According to a report from Bloomberg, the cuts to the North American team working on Marvel Rivals aren’t an anomaly. NetEase founder and CEO William Ding is reported to have cut hundreds of jobs, closed studios, and taken a firmer hand with the company’s Japanese teams — including the one led by former Ryu Ga Gotoku Studio head Toshihiro Nagoshi.

During the whole fiscal year 2024, NetEase Games brought in $11.5 billion, another slight plus compared to the previous year. The revenues from mobile games made up around 73% of the total, down around 1.5% from the fiscal year 2023. NetEase attributed this to both Marvel Rivals and its long-running wuxia battle royale game Naraka: Bladepoint.