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Seattle Mayor Katie Wilson has launched the Resilient Seattle Economy Task Force, enlisting 18 leaders from diverse sectors including tech, labor, and small business. The task force aims to tackle economic challenges, diversify the city's economy beyond its heavy tech reliance, and improve the business environment. This initiative follows a report highlighting job losses and a shifting tax burden.
A new TIGA report reveals the UK games development sector is facing its "most severe downturn on record," with a 4.5% year-on-year employment fall and a significant drop in new studio formation. Larger studios were hit hardest, while mobile and PC development saw substantial declines. TIGA attributes this to weak global sales and poor financing, urging government intervention like enhancing the Video Games Expenditure Credit to stimulate recovery and prevent further job losses.
