Hasbro just killed Dungeons & Dragons
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- Опубліковано 2 жов 2024
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Displate should be making generic gridded battlemaps for use with magnetized minis. They would be super useful and look great stored on the walls.
@@Skoozi that's genuinely an amazing idea lol
The Christmas layoff are a tradition at WOTC going back to when they were first bought my Hasbro. TSR/WOTC used a NCA, but being layoff by the company voided that agreement. Monte Cook, Skip Williams, any many other have used that to quickly go on to do other things. It does not make it right, and it does not excuse the nature of it, but it not a new thing.
I know it was only 4 hours after the video was posted, but the code has expired. *maybe next time* Thanks for the ad anyways!
WOTC were garbage anyways. It sucks that the employees all get fired with no consequences for the executives, but let's not pretend DND and magic werent dragging hasbro down. We need to stop pandering to salty cancel pigs, and start gatekeeping wokeness out of franchises.
Hasbro CEO: "As a consequence of us executives screwing up, many of you will have to suffer. -- But that's a sacrifice I'm willing to make."
Hearing this in Lord Farquad's voice 😂
There wasn’t even anything to debate. Quickest decision for them ever. I bet no one even uttered having top management take any sort of even Small salary reduction to make the difference. Didn’t even cross their mind.
Funny how the cuts never seem to hit the executives -- the people who actually are replacable and whose "contributions" to the company are dubious at best. They talk about "trimming the fat"? If they were serious about it, executives are where they would make those cuts.
I'm sure each of them could be replaced by AI and it would do at least as good a job.
Plus, the executives are the ones who can TRULY be replaced by A.I.
Their job is to talk about projects and to handle profits, but the biggest money-per-employee portion IS executives.
If it was about money, the executives would be replaced, not the people making the products
expecting the executives to harm their own pocket book is like expecting congress to put term limits on itself. not going to happen.
The Executives are fired by the board, which only answer to the investors. Of Which you should probably aim to be one if you care
@@Mark73Yeah I’m sure being a c level executive is easy, everyone that got fired could have easily taken their job!! 🤡
My grandfather told me about a friend of his who helped corporations with downsizing in times of trouble and apparently the first thing he'd say to the executives of any company he worked with was "who we should really be firing is each and every one of you". Never met the guy, but damn I hope someone said that to hasbro before all this.
Exactly. They're the ones who caused this to happen. Their decisions let to their stock dropping and the company being in trouble. It's kind of dumb, but I love that when shit like this happens in Japan, the head will throw themselves under the boss and take responsibility.
John Maxwell said first people you fire in a company restructure is the company leadership.
The rank and file aren't as replacable as the face of a company it seems.
I am surprised he had clients. Narcissists HATE anything that shows them in poor light, regardless of how true it is. Narcissists are 10% of the general population and heavily overrepresented in management.
And they all chuckled and then went about figuring out how large they could possibly make their bonuses.
First time I've seen you What a nice combination of passion and intelligence!
Never, ever forget. 1100 people lost their jobs so that 5 people could make $39 million. Granted, this wouldn't save every job, but it would save a lot of them.
Actually, 39m/1100 is over $35,000 each. That's just barely lower than my annual last year. Granted, I'm sure these folks make more than I do...
@@deddragon3 uh so youre not giving them health benefits or 401k? is this china? it costs more than 35K a year for an employee... A LOT MORE. more like 90k-120k minimum per employee. even if you cut the executives salaries in half you couldnt save that many jobs. executive's salaries arnt the reason these people had to be fired. they got fired because they make woketard products that nobody wants to buy especially in the middle of a high inflation economy where non-essentials like toys and games are low priority. people are struggling just to buy food and stay out of debt right now.
@@deddragon3 People with director in their title are likely 6 figures each
You usually have to count that an employee cost at least $100k, probably more. This is not just salary, but a worker needing a manager, HR, rent for an office, equipment and so on. So at $100k it would have saved 390 employees.
@@chuckwood3426 390 jobs sounds like a lot. 390 is much bigger than 5. But many of those costs you.mention exist regardless of any given employee.
Hasbro is basically the Super Villain that any self respecting D&D party would obliterate in the final battle of a campaign.
They're the Activision -Blizzard of their industry
gotta say, she nailed the waluigi voice perfectly.
A sign of appalling management is to sack staff, rather than first make demands at the top - reducing salary and 'compensation' at the top levels first - and bet none of those sacked were responsible for the OGL fiasco, or the pinkertons fiasco, etc.
because reducing salary and compensation at top levels doesnt work. you have no clue what youre talking about. firing 2000 people making 60K a year saves $120M a year (probably twice that if you consider cost saved on benefits). cutting chris cocks salary by 50% would save $5M... the amount that executives make is completely insignificant compared to the amount saved by laying thousands of people off.
apparently, you don't know how they are paid now-a-days, most get stock and not a regular salary to be "cut" in the first place.
Fair point - I was generalising and I do believe awarding stock is great incentive to make sure the company does well - it's just the scale of the award could be pruned perhaps and sold to keep your staff@@Mortlupo
You mean like saying if senior executives deserve big bucks for making the company money they should suffer salary cuts if the company does poorly? No way anything so logical could ever be allowed to happen.
@@rudewalrus5636 um they get paid in 90% stock options. they do suffer if the company does poorly. thats precisely why they pay executives in stock options so they have motivation to help the company do well.
Remember, when you buy official D&D products, you're supporting Chris Cox and the shareholders, not the artists and writers.
Correct.
_Steal them instead._
@@theuncalledfor love your sarcasm
Cocks*
The writers and artists were paid for their work. This statement holds true in every business. The Shareholders make the most money. Then again they invested in the company in the first place.
And even if this wasn't such an issue, I haven't bought 3rd party stuff since Judge's Guild originally went out of business.
@@johnevans5782Writers and artists were paid salary, without regard to stock or sales. Then they were fired when a completely different department wasn't as profitable for the shareholders as possible.
Shareholders are just gambling on the company's success. People doing real work were fired because some other department didn't make the rich people as rich as they wanted (they didn't *lose* money, they just didn't get as much as they expected to).
Workers are not being paid in proportion to actual time and effort but they can have their lives destroyed just because some rich person didn't get enough dopamine for their gambling addiction. It's unethical and it's unethical to defend.
It wasn't killed...
IT WAS MURDERED!!!
Hasbro is like a dragon trying to grow a bigger treasure hoard but doesn't have enough intelligence and wisdom to realize why it keeps shrinking instead.
Especially when it eats the people bringing the gold to it.
Truly putting the d in dummys and dragons
@@HPkobold More like Dummies in Dragons
Is so easy to take treasure out of a fool.
Layoffs two weeks before Christmas, at a toy company. You just can't get any more cruelly ironic. Hasbro doesn't deserve a dime of our money.
An example of cruelty, yes. An example of irony, no. To quote the brilliant Weird Al: "Irony is not coincidence."
Plus 5 months before a book release is printing and distribution. Everything's already locked from the creative contributors
Just make sure you punish Hasbro and not WotC as it's Hasbro that is the problem in this.
That's not life. A tree branch didn't just fall and fire hundreds of people. That's a shitty group of execs that should be held accountable. And yes D&D is a game, but it's not just a game. It's people's jobs and stability. It's their financial security. @@gracefaithCHRISTscriptureGOD
It reads like a cliche Christmas movie villain plot
A global corporation that is publicly traded fired a ton of employees to make their profit margin look better to shareholders…. I would never have thunk it.
That’s how ‘infinite growth’ is achieved. Unionize and don’t buy anything from these trash companies.
It's so weird huh?
What if they had actually made quality product people want?
Oh, oops, yep just fire the workers.
As someone who has studied a bit on the subject, there was a time where even in bigger companies executives had the most power, but recently we came back to shareholders running the show. Hence the era of mercenary CEOs who do everything to please the shareholders else they're fired. This also means sometimes shareholders hire the wrong ppl. A Japanese video game company once hired a CEO with 0 experience in videogames. That certain company soon list their greatest asset who was Hideo Kojima. Kojima had a disagreement with the guy and left the company. How much of it was them firing Kojima and how much it was Kojima considering he was done first, I can't recall. But I know he clashed with the new CEO whom shareholders hired in spite of the CEO being clueless about videogames.
@@destroyerinazuma96 They have a legal requirement to take the Shareholders' (you know, the people who actually own the company) interest into account or be held liable for the loss of income.
See also "We're like family
$8 million dollar bonus to the guy steering the company so badly, it had to cut 1100 employees and close offices. That's the C-suite way. The rich get richer. They write the headlines, they make the excuses, they live comfortably and they never wonder where their next paycheck is coming from.
chris cocks didnt get an 8 million dollar bonus. he made like $1.5 million as his base salary and got stock options worth 8-9 million but stock options arnt cash. 1100 employees making 60k a year with benefits costs hasbro like 240 million a year in cash... slashing executives salaries doesnt come close to covering that.
That 8 million dollars COULD have given EACH of the 1,100 fired Employee a 7,272.73 severance package.
@@t.estable3856 lol why should they get extra severance ? companies dont give extra severance to employees they dont need. better to pay that money to keep employees you do need happy.
Yet, we consumers are part of the equation.
Consider buying games from Indie creators.
Not long ago I purchased a copy of a game called Warp Land created by a person in South America. The cover is beautiful which is why I got it. All the internal art is really interesting as well. Some the pieces are reproduced from 70's latin American comic books.
I use it as a way to inspire new ideas for my home brew RPGs.
I feel better paying an individual creator than a big company.
@@griffithmorgan4966 I'll never but a Hasbro, WotC product again. No one in my gaming groups will either.
I've never seen such destruction of trust and customer disgust. It would be like Coke execs peeing in the bottles.
Sacrificing people's jobs to cover up their own incompetence, absolutely obscene. And probably escaping themselves with fat bonuses while wearing "It didn't happen on my watch!" t-shirts.
you have zero proof that they were incompetent though. you literally just made that up because its what you want to believe. but the reality is a company can have bad fiscal years for other reasons.... like I dunno record high inflationary periods where people arnt buying non-essential toys/games. and chris cocks' fat 1 million dollar bonus would save how many jobs? 15-20? they fired 2000 people.... so blaming his bonus is absurd. His bonus was such an insignificant amount compared to what the company saved by firing 2000 people. you people have no conception of what executives actually make (chris cocks makes 10 million a year, mostly in stock options) or how much money they would actually need to save 2000 people from being fired (120 million and probably double that with benefits).
Oh the Gamestop model.......
Well, Pathfinder is looking more and more appealing by the day.
Been playing 3.5 since it came out. No need to go any further.
Been pf1 player for a decade, checking out pf2 and im loving the system very balanced
Should check out what MCDM is doing...they are making their own ruleset and it is shaping up nicely
Those corporate leeches will kill everything we love, I fear. Thank goodness we've other games out there.
I'm so glad I found Kobold Press last year.
Not everything. They'll never get my cat.
@joshwalton25 same here. Kobold Press is my favourite of the many awesome third-party creators. Our group has transitioned away from purchasing anything WotC, with everything we play from here on out being either home-brewed or third-party. WotC is banking on FOMO hitting the player base when the new edition and VTT release. I could be wrong, but I just don't see that happening.
Honestly, what we loved was already being killed. WIth all the "OMG! Orcs are totally based on black people you guys! They steal stuff and are violent!" crowd coming in, and WOTC being foolish enough to make changes for them, and attacking the core audience when they complain. They ultimate got killed by both extreme marxist and greedy corporate suits.
Sailing the briny seas is alive and well, I assure you.
CEO could take a 20% pay cut or fire 50 people. Same effect on the books. When the problem is that the CEO has miss managed the company and it is trouble, what do you think the solutions is ? Fire the people of course.
its easy to blame executives but the reality is not all companies do poorly because of executive mismanagement... for example inflation is out of hasbros control and that has certainly cut into their profits with people spending less on non-essentials like toys/games.
Mismanagement sure, but like a President ...can't blame a single factor. How many twenty year olds go to their bookstore every month to buy up the newest adventure or simply log in to Beyond and/or simply play Tabletop sim and make their own stuff?
How long has it been when you stood outside to get your hands on the newest gameCD? My steam library has over 1000 games, when I was twelve I had 9 on a rack and that was that.
Technology and the ease and the need for fresh content is at an all time high, they've been losing money (Has) for years now not only with Wiz but overall. Heck, I even play Uno online now.
But where is the Board of Directors or the Stockholders themselves who are the CEO's bosses and can and should punish them for horrible leadership and gaslighting blame?! For no other reason than they want more money and don't want their own money wasted by incompetent management. Do they really think that each of those end-level workers got together and conspired for them to not profit as much as they could have, versus their CEO and C-suite are idiots who mismanaged product and PR and destroyed what profits could have been? It's all just business, so they *should* have no compunction in punishing the cause of the problem, but they *don't* and that's what I can't understand. You've already sold your soul to the almighty dollar, there's no hope of you not rotting forever in the fires of Hell, so what's screwing over other monetary monstrosities that cost you that extra fat dollar of profit?! It's this half-ass Capitalism that's the sign of its end stage.
@@yellowrose0910 the CEOs bosses are the stockholders. as long as the stock holds its value and pays its 5% dividend thats makes the stockholders happy.
But then he'd make less money, and that's just not the capitalist way.
This is one more reason to play other games and stay away from Hasbro products in general.
Yeah. I just found out the new Exodus video game studio is owned by WotC. It sounds interesting, but.... Of course it may never come out based on the ownership.
Okay, so stay away from anythign Blizzard, Netflix, Disney, Amazon, Tencent, Google too while you're at it.
It’s takes a special kind of evil to do this right before the holidays.
I’ll vote with my $ and give it to someone like MCDM or the Shadowdark team
But HeroQuest. Other than that though, I really don't give this company any money.
@@CReese-os8fcI try, the only one of these services I use because I have no choice, I have an Android phone is Google.
Great video. I have some answers, based on my sources. The new edition is done. The books just need to be printed and shipped. It's all about the VTT now. I played with Wizards VP Chris Cao. It's very good and where they will be putting all their money. In-person abletop will not be the focus moving forward. I expect more layoff to follow.
Nice to see you here professor. My own thoughts is that they can stick it where it don't shine. I'm NOT, ever gonna purchase any digital content, I'm NOT purchase any physical one d&d material, they will never see a single cent coming from me.
It really sucks how much Hasbro has fucked over a lot of my hobbies. As a figure collector they have really shot alot of us in the foot with the amount of dumb decisions they make with their very successful lines. This is a real bummer and if i was still playing D&D regularly it would be a huge bummer. My home group switched over to pathfinder because the greed has just kind of ruined our fun, but the new system for pathfinder fixed so much of our problems with D&D so it was a bit of a blessing in disguise
I said at the beginning of '23 "Not one more penny will I give to Hasbro." This entire year has cemented that due to their actions.
And that is how we gamers fire the exces.
My gaming money goes to the smaller game companies.
It feels good to support a real artist.
Good on you. I moved my table to 13th age last year and never looked back.
I won't be happy until Hasbro is Wasbro
@@circlingoverland4364 Hasbeen
@@gracefaithCHRISTscriptureGOD stop fooling around on UA-cam, Chris. Go count your money.
...the current environment demands that we do more, even if those choices are some of the hardest we have to make...
"Some of you may die, but that is a sacrifice I am willing to make." -Lord Farquaad
The worst part about this to me is just how...mundane this is. Like, this isn't unusual. I'd be willing to wager that by March at LEAST a third of those who haven't found jobs will be offered thier old one back. just at a lower salary with worse benefits since they're now "new." Hence why senior staff is usually the first to go. I'd wager that because this is sadly common, that's a horrifyingly standard practice. These companies just don't usually have so many eyes on them. Hasbro however doesn't seem to understand that ever without the attention, cannibalizing yourself like this has risks, and it's NOT up to tanking the failure right now.
These dumbass executives just bank on the fact that most either won't learn about this or won't care. For all the buzz, D&D still puts their share of the market at many times the total of everyone else combined. But one thing they don't seem to be noticing is that thier grip is slipping, and while thier profits are going up NOW that'll change quite quickly if this continues. If people are going to leave it'll be at the edition chance, and their siren call has gone out of tune. Plus a dangerous portion of thier foundation isn't thiers', it belongs to 3rd parties. And WotC is about the only stability Hasbro has. D&D goes belly up, MtG bleeds dry, and Hasbro is fucked. They're nothing but a liscence holder, dreaming of the days the MtG ruled all and G4 ponies had them making cash hand over fist.
Hasbro killed D&D for me back when they forced 4E instead of leaving 3E alone and letting it do its thing.
Kudos for calling out Hasbro for ignoring salary cuts to avoid layoffs. If they were REALLY worried about the company's long-term viability, they would do what they could to retain their producers. And using AI to further cut costs may save money in the short term, but it is humans who invent and design. AI will NOT invent until artificial intelligence becomes a reality, and that's decades away. The last two rounds of layoffs are akin to killing the goose that lays golden eggs in an effort to get to the gold -- which results in an epic fail.
Wow, it seems like he really Cocked up things at Hasbro.
Also, thank you for bringing up the story of Iwata and Nintendo. Stories like that should be celebrated more, as a reminder that these things CEOs do are choices, and different ones do different things.
I would say that culture plays a huge role here. Japanese work culture is brutal, but responsibility is still highly valued, and leaders are pressured to acknowledge their mistakes. American work culture, on the other hand, values selfish choices as "looking out for number one."
Well shit.. I hope that all the affected workers find a new home.
I know that plenty of 3rd party creators, including us, are on the lookout for talent that is jumping ship.
Please don't hire the ones that feel Sensitivity Readers is a good thing
@@obfusciatehopper787 If I recall correctly, most of those people were Hasbro execs, people completely out of touch with the TTRPG community and with the only desire to grab as much money as possible even if it means screwing over the fanbase
@@PiousWildcarde I truly hope so.....now let me share my 30 page back story for my Half-elven Warpriest.........🙂
@@obfusciatehopper787 please do! I love character backstories.
Sadly, when you have a lot of people on the market in a niche industry, they quickly fill any open positions.
I felt your rage here, so intense that you had trouble being funny. And honestly, I think that you're right not to lean too hard into the jokes here. These layoffs were a clear act of callous selfishness and a warning to anyone still working for Wizards that their contributions are not valued at all. I hope that they strike.
theres no proof of selfishness. the reality is the company was overextended on its products and cant sell the products it already has let alone afford to develop new products.
@Khobai they could have. Then OGL. Could have again. But hired the actual Pinkertons to threaten someone who...... gasp....... WOTC erroneously delivered an MTG expansion to. They are not overextended. They made bad c-suite decisions and the c-suite takes the HORRIDLY crippling penalty of unrealized losses.
I can hear it now, "...sadly with the exodus of creative talent we have been forced to rethink our use of AI for creating art and talent..." As if this has nothing to do with their layoff decisions.
The solution is simple. Stop supporting Hasbro, stop buying their product, stop giving them publicity.
Already done!
My next campaign will be pathfinder 2
@@ccibinel Pathfinder. He Paizo heroes. Who got a case win that told WOTC that the CORE MECHANICS are not copyrightable.
Yup. It's TinyD6 and Knave for me.
And that makes them cut more jobs, which doesn't help their remaining employees.
Alta Fox Capital was an investor in Hasbro that saw the lack of focus on players and launched a “Free the Wizard” campaign in 2022 to spin off WotC. If only they had won enough votes.
The adult toy collector isn't really Hasbro's issue though. It more than likely has to do with being too heavily invested in Disney liscences. Just take a look how Disney is currently doing. Also Cox giving himself a 9 million bonus after these layoffs are absolutely disgusting. A move only fitting for a company that sends hired goons after thier customers for recieving product early
Well...they want adult whales but those abandoned ship with 2e and left within 5e
So their whales are gone they left long ago...they just assumed their stupid changes and knee bending to woke crap would have kept them...
Opposite
@@theclash24😂 an attempt to say go woke go broke. That's not the thing that caused it. Do you know all the BS that happened with DND beyond?
@@theclash24 Can people like you not drag politics into everything? This has nothing to do with "woke" anything and everything to do with a horribly run company that keeps rolling nat 1's on basic stuff you shouldn't fail at.
CEO's do this when they are pumping and dumping. He is either on his way out, or he's about to be thrown out.
@@theravenousrabbit3671 I don't know, Bobby Kotick does this almost every year and it just nets him massive bonuses so he sticks around.
Honestly DnD has been in the hands of the fans for years already with the additions of 3rd party creators. The ODL thing that happened at the beginning of 2023 proves that we are DnD not Hasbro.
This. I havent, personally, bought a D&D book since they stopped having orange spines. Never once did that stop me playing, or GMing a game of D&D.
Make a new game, call it Dragons and Dungeons. Screw Hasbro.
Exactly. Our group still calls it D&D out of tradition, but none of us purchase anything WotC anymore (Tasha's was my last). Third parties and homebrews are how we play. And to be honest, most campaigns I've played over the last 30+ years have been created by the DMs. And if we want campaign modules, there are so many out there from third parties. I just purchased a book of one-shots from Kobold Press that I can't wait to dive into. So yeah, no FOMO from us when the new edition and VTT come out. And we know WotC is banking everything on that.
There are so many other, better games that don't funnel money and attention to Hasbro, though. When you perpetuate D&D as the game to play even when it treats you and everyone else as disposable trash, you further its brand and make it money even if you never give them another dime. Literally the only thing that keeps D&D as the most profitable thing Hasbro has is the brand recognition, and you're still fueling that by continuing to play it and proclaim that it's okay to play it.
@@gateauxq4604 better punctuation: "Dragons and Dungeons: Screw Hasbro!" ;-)
This bullshit is happening all over the place. And it all stems from the fact that these greedy coward CEOs dont wanna take a cut on their own EoY bonuses. Its disgusting. Notice for CEOs: if your corporation's income is lower than expected, its YOUR fault, not your workers. Take responsibility for your own negligence.
@@TJ-zs3vx capitalism doesn't mean you have to be a piece of shit. Look at what the Nintendo CEO did. People need to quit writing off horrific behavior as "just capitalism"
@@Nobody-dl4tm "capitalism doesn't mean you have to be a piece of shit." It actually kinda does. The executive leadership exists primarily to serve themselves and to a lesser degree the shareholders. When bad things happen to a company because of the poor decisions of the business idiots, the workers pay the price. That's literally just capitalism, and its inherent to capitalism. Capitalism isn't a natural feature of human existence; its a system created by humans that is deeply flawed.
Yea
@@swissarmyknight4306 What you just described is the corporate culture of Hasbro, not capitalism. Look at Nintendo CEO and look at Hasbro CEO. When Nintendo suffered loss, the CEO cut his pay to avoid laying off workers. When Hasbro suffered loss, Hasbro CEO fired workers while he still kept his full salary and bonus package. Both companies are from capitalist countries. Chris Cock is an a-hole CEO, but he doesn't represent capitalism. He's the bad side of capitalism. Nintendo CEO is the good side of capitalism. Capitalism has both good side and bad side, whether you want to acknowledge or not.
As a person that works for "corporate" America, the whole hiring contractor comment isn't far fetched. The company I work for just stopped hiring software developers and started to replace them with loads of contractors. It has been the most annoying / soul sucking change I have ever experienced. They took there "senior" most developers and moved us to work with contractors instead of working on product development and putting out quality software. It's all about making the penny as fast as possible with no regards to quality. ( this company I work for never used to be that way till it became publicly traded ).
I absolutely love how hard you've gone in on these Corporate Entities in your last two videos (both your GW and this one). A lot of people seem afraid to say what you're willing too, and it's very much appreciated!
I am going to guess that Hasbro product sales fell below Walmart's minimum threshold and they lost a significant shelf space. Retail preorders for next year across product lines are likely abysmal.
Do you really think the use (Accidentally) of AI for art, chat and writing earlier this year on new releases by Hasbro was not a test run? Get ready for this to hit all creative industries soon. You think this is a big layoff, wait till the call centers are replaced completely by AI. Cocks gave himself an amazing bonus of millions of dollars while running the Hasbro brand into the dirt. How does a board of directors give a CEO a bonus when he lost money? Billions and billions of dollars lost. Yet he rated a multi million dollar bonus as did all the other execs at Hasbro. Did they fire the people behind OGL? NO. Did they fire the people behind the Pinkertons? NO. They fired creative people who will be replaced by managers running AI bots and programs to fill the hole left by real artists being let go. Real people communicating with the fans. Dark times, glad I am old and pretty much done with the hobby now.
I think Hasbro is going to use AI exclusively for all their projects now. a few key people to give queues and let the engines create it all. Books, movies, cartoons, comics, toys, advertising, everything. Then there will only be a Putin-like Oligarch running the whole show.
Report to the disintegration chambers your sector has been determined by the computer to have sustained a critical hit......
The issue for these companies is that, while not settled, early indications are that AI generated material can't be copyrighted. If that holds, then business reliant on it will probably fail because all their "work" will be "stolen."
The computer is your friend. Everyone else is out to get you. Paranoia......
Art takes time and since the digital gamers want new and new all the time, it's a simple concept of providing live service promises to players who get bored of a card in less than a week. (Marvel Snap)
Hasblow isn't the only ones, actually they are late to the show as Blizzard, Disney, Netflix, Amazon, they are all in the 'exec get all the monies let's blame them' but trutthfully speaking - why hire writers when people dont read books? Why have artists when AI can do it instead? Technology is the real trouble here and we've all been saying OMG THE AI WILL ONE DAY TAKE OVER but hey, it already did...like ten years ago, we are just now seeing the outcome.
I honestly believe that emitting a palpable sense of dreadful evil is literally a qualification for the CEO position at Hasbro. This is the company that back in the 80's told the director of Transformers the Movie to kill off Optimus Prime and pretty much all the 1st generation of autobots. Bear in mind that for two seasons of the cartoon as kids no character on the show was ever killed off. So when we walked into the theater to watch the movie believing that nobody ever dies in the show only to watch our favorite characters bumped off in maybe the first 15 minutes of the movie. The director of the movie warned the Hasbro execs that killing off Prime was going to upset fans, but they wanted to sell a whole new generation of toys. The result: there were kids who literally left the theater crying that their favorite hero, Optimus Prime was dead. Thats right, the only way Hasbro executives could possibly conceive of making a greater profit was to make their primary customers, ranging on average from 5 to 11 years old, cry in the theaters. They have always been evil, and its only gotten worse over the years.
In Japan if you bomb a company that haunts your career forever, if you even HAVE a career. In America, you probably get hired into an even bigger company with an even bigger pay package.
I never understood while share holders are like, "YES, we want the our new CEO to the guy that just tanked that company over there!" But that's exactly what they do, over and over again. How does that makes any sense?
Because those CEOs are good for the investors. The good investors know the pump and dump cycles, recognize which CEOs can massage the market value of a company through those cycles, and know when to reinvest elsewhere.
@@jasonrhome710 yeah, I get that... but for everyone to have no f*cks about the long term sustainability of the company, just doesn't make sense. Wouldn't you rather have an investment that is still making money 5-10-20 years down the road, rather then short term gains for 2-3 years then look for the next victim to suck dry?
@@c.g.262 Because over here we view companies as get rich quick schemes, not generational investments.
@@natp8387 Well some people do, not everyone.
How do these executives always seem to fail upwards?
Capitalism, the greed is a feature, not a flaw.
It's probably an old boys club type of situation.
@@rgott1234 its not capitalism its corporate fascism
@@rgott1234 This is NOT capitalism. Capitalism is Geeks&Gamers supporting Nerdrotic and vice versa. Capitalism is supporting businesses even in direct competition with you hence building your own business at the same time. This is just greed and virtue signaling.
@@cavemantero Which is an inevitable result of unregulated capitalism
We need to finally do what we've all been destined to do... Replace these conglomerates that refuse to work for the people... No more monopolies.
There is definitely a balance between the perils of communism, and the perils of inadequately regulated rampant capitalism.
The perils of both are the same, autocracy, hoarded wealth is undistributed responsibility. The solution is the same for both as well, dynamism in legislature, popular government of informed constituents, active transparency, and meaningful accountability. Obviously there's more to it, but this is a UA-cam comment.
You want Private companies to work for the people? And how exactly would that work, unless all businesses were run by the government?
Lol. Communism fixes monopolies? Communism monopolizes everything. As long as there is commerce, monopolies will try to form.
@@johnevans5782First of all they're called taxes. Second nationalization, versus privatization, is another pigeonhole debate. Changing the outlook of the system doesn't address the underlying problems of human power dynamics. Whether it's described as, income, funding, or subsidy, all systems, and their stakeholders, suffer in similar ways from mismanagement of those funds.
I got curious about the rampant spread of "horrible business decisions" these last few years, and discovered, to my horror, that they are NOT bad decisions... from a business standpoint. There are really complicated and sinister ways that the top brass can actually profit from a company's demise, and the bigger the company, the bigger the profit. They are essentially ripping it apart to feast on its innards as the company dies, and it is entirely on purpose. So no amount of criticism will deter it. It is by design.
Sounding like such a very sustainable system with no issues. Oh wait, it only needs to last as long as the average shareholder lives.
Sounds like some sort of parasitic infection. Or perhaps the infiltration of a kingdom by a death cult.
@@FezFindie Yeah, modern day robber barons....
Vulture capitalism!
Aka cancer
Perfect. Late capitalism in its finest
I can't wait to see how sales for the new edition go. I've moved on to other systems, but would probably have at least purchased the core books.
Well, not anymore…
We called it "Black Friday" when I worked there back in the 90's.
When MtG was running hot in sales and profits were through the roof, we were all called in for a company Rah Rah meeting while our desks were being packed up by company security.
I love the voice during the ceo bit I had to bite back a laugh.
Your PASSION and EMPATHY are on clear display in this video.
The talent so savagely torn from D&D will reassemble into another game company.
From destruction spawns creation.
I for one am looking to see what new worlds and stories emerge from this culling st Hasbro.
I feel awful for the creatives who work at WotC. I've heard horror stories regarding the abusive leadership team, the high-stress work culture, and the low pay. I really hope those that were let go land in a better position. They are worth so much more than how they are treated. And for the creatives that are left... Good luck. :(
Hopefully some of those laid off, with all their experience, create their own game and company.
Not me. These were the Tumblr weirdos that gave us a fucking Hogwart's prom. I hope they're all crying themselves sick in a healing circle.
You nailed it. Endless growth on the backs of people deemed expendable. Eventually you run out of expendable employees and……
except you dont run out of expendable employees. thats the whole point of them being expendable.
I am 150% sure they are seeing AI and thinking they can have it generate most of the work, not just the artwork.
Wow, how Scroogey of them.
With all of the Art department layoffs, it's clear that they are going to be embracing AI. It looks like Graz'zt and Count Rugen won't be the only ones with six fingers any more.
I was just thinking the other day if they are using it for art already like how many magic cards are just cranked out by AI these days. Not worth the paper they are printed on
Hasbro had been outsourcing the art for over the last 3 yrs. The in house team hasn't been living up the the task. Besides the sculptures from the Independent Artists have been far superior than the lame common in house stuff
I don't know if anyone else has said this but I feel like everyone that got fired by Hasbro should join together and start a new company. I personally think D&D has been steadily going down hill since 3.5 edition and with their recent actions having more competition would just cause them more distress in the long run.
As an owner operator of a small game company I can tell you that this would be really hard for them to do. Right now they are probably mostly worried about paying mortgages and keeping food on the table for their families.
It's a nice idea, but it sounds like the people who got let go may not have the business related know how. They'd have to find the right people to work with.
My initial thought would be for them to band together to set up a campaign on something like kickstarter. I feel like Hasbro has been upsetting enough of their fan base people would donate out of both spite and good will. I do understand what you are saying though, it would be rough to go through what they’re going through.
after the OGL scandal I was already boycotting Hasbro, now I'm just head in hands embarassed that they could look at the public image caused by that, and go "a small portion of people boycotted us from our last few mistakes.... lets get even MORE boycots on the books!!!"
Christmas used to be a fun, magical time for me when I was a kid. When I became an adult, Christmas season turned into anxiety-ridden time of misery as I wonder if my current job goes away, my rent increases and other miserable things in a supposed season of joy. It is a time of joy for the rich and owners of big businesses.
I'll be honest.. surviving employees should probably forget about striking, and try to make their own companies and projects. Let Hasbro sink.
THIS. But maybe listen to actual customers this time.
One thing that I thing really needs to be remembered when saying things like "If the C-suite just took a pay cut..." is that a significant portion of that 'total compensation' comes in the form of stock. It's not money that came out of the operating budget of the company, so it's not money that would have saved anyone's job.
It looks like Chris's salary is $1.5M, and assume he got 'bonuses' totalling the same, then the other $6M comes in the form of stock and can't save anyone's job. Then if we give Chris a 80% pay cut down to a mere $300K a year with another $300K in bonuses, then we have saved $2.4M. That's a chunk of change, but (at $75K a year), that's only 32 jobs saved.
Actually, no. Because though the average salary might be $75K, that's not the total cost to the company. There are taxes they have to pay, medical premiums, general costs associated with having someone working there. That comes out to a lot more than you might imagine (especially in the US). It would be low to say that the "total cost of employment" was $100K per person, but it makes for a nice round number. Now we're down to 24 employees saved.
The rest of the C-suite doesn't make what Chris does, so let's assume that across the board, they could have saved 50 people's jobs.
And they ABSOLUTELY should have. But it still would have meant over 1000 people laid off, even after giving Cocks the kick in the balls he deserves.
Quick question, where does that stock come from?
@@kayleescruggs6888 Where it _doesn't_ come from is out of the general operating budget for the corporation. Suddenly making it not exist wouldn't put money in the bank with which to pay people.
Step 1: sell the bonus stocks
Step 2: give it to the employees
Those bonus Shares are an insidious way of making sure the heads are required to put profits before being proud of their job.
Just as AI tempts them to replace more artists, until they don't need to pay for real art even again. Their goal isn't to give us the product is we want, it's just to keep taking our money.
The shares at Hasbro are getting to bitcoin levels and are only dropping, check any stocksite its easy to see why they made the cuts. The CEO bonus or whatever we've seen literally WITH EVERY CEO in the past 5 years do, so idk how this is any different.
The rest of the team should quit.
Every. Last. One.
Can't get leaner than that.
I worked with Paul Cheon at CFB. He deserved better. Great guy, I wish him well.
This was a terrible move on their part... more so after Cox himself got like 9mil as a bonus last year? Jesus...
oh please let hasbro fall
They will because they have no real visionaries - they fired them all.
Why is this a big surprise? D&D is just a brand name no different than Hungry Hungry Hippos or Monopoly. That’s what Hasbro does.
"They did their work, we have their effort to sell, lets fix our own bottom line so we can buy ourselves nice things"
Colour me surprised.
People keep buying their products because why?
I don't know. I don't anymore. Paizo sees most of that kind of money now from my household. I think Tasha's Cauldron of Everything was the last book that I bought.
@@amayasasaki2848I think it's the more casual crowd. People afraid of trying or learning a new rules set, or dislike the added difficulty. Especially when you can have an app do the math for you ala dnd beyond. 5e was a perfect storm. I'm not certain one dnd will do well. It's sadly going to get worse before it gets better.
Because if you tried to avoid every company that did that you'd be be living in a shack in the Yukon. It's physically impossible to participate in modern society and not do business with companies that screw their workers after reaping the fruits of their labor, while rewarding the executives who contribute nothing (to the business, or society at large).
@@yautl1 bullshit. No one NEEDS WotC. D&D itself is a dead issue.
With so many games out there to play, this is merely one of them.
Acting like you don't have a choice?
Utter bullshit
@@corwyncorey3703 Exactly. It's a brand. I gurantee you there will be a clone out the moment one D&D drops which might help draw people away. The OGL scandal did have it's silver lining in that alone. Again I think needs to get worse before they get better.
it was already dead. good riddance pathfinder is 10 times cooler, not to even mention warhammer
So they announce they've made record profits, so all those executive bonuses are very deserved but now suddenly they don't have enough money to retain staff.
the supervillian strikes again... also discourse your villian reading was delicious! thanks for another very entertaining vid and merry christmas!
The ending was the most important part.
In the past, getting noticed as a creative person and hired by a corporation with the financial backing and resources to help you see your vision come to life was a dream for many (not all). Even before these layoffs, that "dream" has not been true for over a decade. Crowd funding and mass communication means that you can do a lot better for yourself by being a creative in the open market, like MCDM, Critical Role and others.
I look forward to seeing the work that comes out of this layoff.
I wouldn't mind more new games or supplemental content to look into
@@philopharynx7910There probably will come from the smaller companies but not necessarily new ones, often these companies wait for these talented people in larger companies to be laid off to start hiring.
Companies do this all the time, firing the people who do their jobs while keeping a squalid few, and shouldering them with more burdens now that the workforce is halved. What they don't realize is by firing so many people, the quality of work they can produce goes lower and lower, especially with these workers getting burdened more and more, and people will be less interested in their produce and would just flock to greener pastures, meaning that the company just becomes worth less the less people it has on deck to produce things and check the quality of their products.
But hey, I'm not a CEO, so what do I know?
this is actually great.
a horde of creatives and game makers have just been unleashed on the world to create the next big thing.
The people who dulled and PCed the hell out of Wizard got released to do the same crap else where ha
Thats a good way of looking at it.
Man, if only Hasbro were in possession of some intellectual property that resonated with suspiciously wealthy adults. Some sort of IP that could sustain interest by releasing something on a weekly basis, that played well to the fantasy archtype, and could push the sales of toys and other merchandise. It'd be especially brilliant if they could take some tired and exhausted concept that resonated with older generations that grew up with it, and put a unique and creative spin on it and take it to a whole new level. If they had something like that, they could have a veritable cash cow that they could milk for decades. Man, that'd be pretty cool.
Anyways, how's the new generation of MLP doing? I heard it hasn't been doing too hot since the 'refresh'.
Most of the revenue generated by WotC comes from MtG, not D&D. 5e has pretty much run its course from a revenue standpoint. They'd have to pivot to a 6e. They'd have to weigh the costs of developing a new one against the revenue they think it would generate by the player base switching over.
One sign that the system is sick is that the executives get to keep so much of the shareholders' money. It's not even working by capitalist standards.
Go look into the average Fortune 100 CEO's workflow, very few people have the chops for that, let alone the requisite skills, and if you got both, seven figures a year working normal hours for yourself is an easy option, thus we start talking eight when it comes to working for anyone else. This makes perfect sense, and I'm a capitalist, I just understand economics unlike most people.
@@hlaw2830 But are you implying that the Hasbro CEO has the chops for that? IMO he quite clearly doesn't understand the markets his company exists to serve, and he wouldn't be making seven figures working for himself in any capacity.
@@hlaw2830 Sure, it's okay to cut hundreds of your workers all at once just to line your pockets more... They could afford to keep those people and pay them their liveable wages, and be okay still... There's a Nintendo executive that took a PAY HIT to keep all of the company's developers... Cox can afford it if he wasn't an unreasonably greedy asshat...
@@hlaw2830 I'm pretty sure if I worked hard enough I could figure out a way of losing a couple billion and blaming my employees, and I'm definitely not a CEO.
@@hlaw2830 from the puff pieces i've seen on CEOs (and all i could find was puff pieces, they pay really well for publicity), they do literally nothing. they okay whatever is brought to their desk, have a lunch that they call an important business meeting, and make shitty speeches when things go wrong that only 'work' because we (read: people with power, media type) all pretend they work.
Kept waiting for you to point out how large end of year layoffs are often an easy way for senior management to massage numbers in a way that guarantees their end of year bonus & paybump.. I'd wait to see if hasbro/wotc moves to anual stack ranking/stack & pull/etc cycles to maintain it too
A powerful organization reveals itself as heartlessly evil to an audience that has seen this scenario before, and who have gamed out their response to such events a hundred times. What could go wrong, Hasbro?
I love that in the course of being angry at Hasbro she's wound up on why capitalism doesn't work 😂
How much do you want to bet she doesn't actually know what Capitalism is?
....not very much lol I wasn't trying to say she's dumb I'm just pointing out there's a larger issue at work here than hasbro's stupidity @@iambob6590
@@iambob6590 Seems like you don't.
@@danieltodorov7753 That i don't what?
The blink-and-you'll-miss-it shot of Hasbro's "Enemies" book with a Chris Cox shirt print cover... 🤣
Let's see if they can one-up their own villainy! I'm calling it now: Pinkertons on Christmas!
You could call this ... a Cock-up.
Bah Humbug … are the no orphanages? Are there no workhouses …
Wizards used to be well known for Christmas layoffs, long before Hasbro
Yeah I never even got to go into detail about the old days. Sadly the Christmas layoffs are back :/
Don't be sad, it was a Mercy killing, they had to put it out of its misery, it was suffering!
We went through the same thing where I work. I feel for those who lost their jobs, as well as for those who remain - having that hang over their heads. American CEOs would rather burn a couple thousand of their employees than take a single cent of a pay cut. Welcome to Corporate America.
It's pretty shameful to be honest.
it could be illegal, if capitalism wasn't a religion in America
In the United Corporations of America, $175 billion just in UNPAID Taxes each year by the economic elites may make it great again - if its used to actually represent the peoples interests.
Money, not votes, influence politics - America is considered an emerging oligarchy by many economists
The way I see it, CEOs and corporate execs would rather burn all bridges and sacrifice the company's future just so they can squeeze out a few more pennies.
Hey, Discourse. I think I can give you an insight as to why the C-suite folks behave that way. Why they prioritized cutting the senior staff of their most profitable branch rather than *anything* else. I am a video game industry veteran of over 20 years (yes Im old), And this has given me some understanding of how corporate types view creatives:
They hate them.
They HATE the artists they have to hire. They actually, physically loathe them. To them, creatives are just people who get to be silly and do fun things, like paint and code, and experiment, and not wear suits and not think about money all the time (which is to them the only grown-up endeavor). All of the fun things that they had to stamp out in their own lives in order to earn money. Creatives are necessary to them, but NOT their equal. THEY worked hard for their money, not piddled around with art or game design. So something happened when Baldurs gate started doing so well...
...It meant that the Senior creative staff could begin to ask for nearly as much salary as the lowest executive. They can't have that. not EVER. I've seen it happen time and time again: once the artists start to get a little too uppity, BAM! The art team gets fired. It doesn't matter if the new art team (usually remote-outsourced from overseas) can remotely keep up with the old staff or not. To them, art is art. Or, when that can't actually be done, they sometimes liquidate the company. No lie. They'd rather 'salvage' what money they can, and kill the company, than have artists traipsing around earning more than they do.
thank you! I found this helpful. That kind of psychopathy seems prevalent here. Less in Japan and Europe. Different cultures I expect.
Okay, first of all, thank you. Too few people are pointing out the disconnect between the interest of customers and shareholders that exists with publicly traded companies, instead just vaguely gesturing at capitalism as a whole being the problem. Hell, the same people seem to think a company going private is a horror story ...
The IPO is the death knell of any creative company CMV
Some of that is because the designers ignore the interest of the customers at times.
Capitalism IS the problem.
The greedy who are willing to do ANYTHING for profit.
Capitalism as a whole is the problem. Just because you can point at a few particular traits of it that are particularly harmful doesnt mean the entirety of it is not to blame.
@@lenkagamine4145Nah.
It's a tactic to remove the suspected leaks from the controversies of the last year, but they are firing low performers as well so it doesn't look like retribution. It also means they can move forward with their bad plans without resistance.
The number of people in the art department getting cut is a very clear indicator they are shifting towards AI. While I'm a proponent of AI as a tool, there should've been rules and regulations on its use put in place before it was let out into the wild.
What are you going to regulate?Amount of AI art in product? It makes no sense.
What's more likely, that "shift to AI" isn't well thought decision. AI isn't magic box, which marvelously produce good content.
However, it works exactly like that with not so good content.
So, probably, quality will drop tremendously and Hasbro will loose more fans and money.
Shifting towards stolen art.
Call it what it is.
@@jonathanknoche6371 at that point free game to take their works. AI can't be protected, so if they do I hope all the pirates of the sea take that in which wasn't theirs in the first place.
Remember it's always ethical to take from a money monger such as wizards. May everything Hasbro has crash and burn!
@@jonathanknoche6371 AI isn't stolen art. You shouldn't consider AI as simple recombinator of parts of dataset. It can grasp patterns. And already not so far from processes, which drives human creativity.
If something is stolen, it's vision. Since it hasn't own perception of world. So it approximate thing, which we could consider as art.
However, it's very far from stealing. It's something entirely different.
Since it doesn't have own vision and experience, through, it can't build coherent and quality art on its own. And I expect, that Hasbro will fail to use it properly.
Just reminds me of WarHammer...a great game that was destroyed because the company that owned it prioritised profits over the players and the creators...
Is this GamesWorkshop?
Both Matts of DnD renown (Mercer and Colville) are making their own systems for heroic fantasy. For non-heroic fantasy, you have a plethora of OSR systems (Dungeon Crawl Classics my beloved, also shadowdark). And then there's Pathfinder. I just don't know why would anyone keep supporting wotc at this point, after this year. And if you like DnD, ok - just please sail the high seas or get 3rd party content
There is no sugarcoating how hard these layoffs make Cocks.
The very least they could have done was waited until after the New Year. It's just cruelty to fire people right before Christmas.
It makes the bookkeeping easier to fire them before the end of the year. Obviously this is far more important than the emotional well-being of former employees. Plus there are lots of charities that work around the holidays. [/sarcasm]
Fabula Ultima for all.
I hope these Still Alive People either get better jobs or outright make their own.
I hope they outdo Hasbro even, least those who don't ditch TTRPG completely.
What does that even mean? Do you hear yourself? 😶
You lay people off at the end of the year so you (and them) can start new in January.
Also, considering the crap they've been producing for so many years now, the Market has Spoken.
The Customers are showing you what you've done.
Keep ignoring what your customers want and you will eventually disappear. Law of the jungle.
Amen! I strongly believe that all the creatives - WoTC or other - should absolutely unionize! Artists, writers, and creatives have long been the whipping boys and girls of MBA-sociopaths for too long. A Union would protect those whose creative juices we love so much.
Unions!? 😂 You’re serious? 😂 They are little more than toothless, corporate bribed lap dogs nowadays who are just as much a predator to an employee’s hard earned income for survival as the abusive CEO for their job that they are forced into indentured servitude for, just to decide between which bill, rent, food, or heat in the winter is the best one to pay their entire wages to for this month’s continued existence.
I am almost certain that most of the "work" of creating the new edition has already been done and they're just waiting for the right time to drop it to maxamize profits. That's probably why this happened. They worked people to the bone for the year and then dropped them as a Christmas present to their bonuses as soon as they got the bulk of it done. Oh well. If people keep buying it they'll keep doing it.
The most memorable scene in Schindler's List is where he looks at his ring and ask himself how many more people he could have saved be selling the ring. Obviously CEOs these days are not that conscious of the little people that actually make the money for the company.
That's a disgusting comparison..... reprehensible.
Dungeons and Dragons and or its staff is nowhere near the darkness of The Holocaust....that is just mind-blowing you would even conflate the two.
The hardest part of Chris Cock's choice was picking up the even fatter paycheck made from savings on worker's benefits,.
The quality of the WOTC product has been pretty low quality/low value for awhile, and these layoffs won't help matters. My d&d group is happy to play third party 5E content for as long as there are people out there making it. I suspect we have many many years of play without ever giving them another cent.
oh great, im not allowed to comment.. test test
Right, here we go, trying again.
Let the big company end, and the brand we love with it. The brand we love is too big to end permanently, so its just best to let it end for now, to be reborn later.
Now, lets see if thats vague enough to stick.
From Sweden with Love
- Kami
P.S
Yea that seems to stick.
Talk about foul play. Mentioning brands or company names in this manner seems to be forbidden.
1984
we have always been at non-peace with eurasia
test test
D&D for me died when they did 2 things:
Released a stat block for a wheelchair to be inclusive
Removed a section from the Spelljammer book because it was about a Planet of Apes
Fingers crossed that Chris gets to see Paizo welcome plenty of former WOTC staff into the fold.
considering a lot of them were former Paizo, I wouldnt be surprised and rather happy to see them come back.
Sadly, I don't think Paizo can afford to hire 1,100 people. I'm not sure that the whole industry could hire 1,100 people. What's more there is also going to be a shortage of fingers to cross. All of the extra fingers are going to WotC's new AI art.
@@philopharynx7910 oh I wouldn't be so dour just yet: with the amount of goodwill wotc basically gifted to paizo over the last year, I wouldn't be surprised if paizo's staff doubled by this time next year
Certainly not 1,100 even though every single one of them deserves it, but an excellent start with a company that actually knows how to make martial characters viable
@@mogscugg2639 I'm not sure about doubling, but I do think that they will definitely capitalize on Hasbro losing the respect of the gaming community. I also hope that some of the laid off employees get together and start their own projects.
@@philopharynx7910 especially since paizo can already advertise themselves as being former developers for dnd in contrast to hasbruh
Exceptional James Stephanie Sterling energy in this one, good on you for calling out Hasbro's callous behavior.
Hopefully, 'im Bredrin Todd McFarlane can take on this situation. If anyone in this Game deserves "Kingpin" status... 🤔