The market seems to disagree with the piece. The stock was in free fall from early October and recovered a bit after the layoff announcement. Anyone have an idea why?
Hasbro laying off Wizards of the Coast staff is baffling
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Re: Hasbro laying off Wizards of the Coast staff is baffling
#42A bit of a hot take, but video games need a change. they have stagnated as their profit have soared but like most things....profits are a lagging indicator and like Disney marvel.....were on the slide down. this doesn't mean video game industry is dead....just that it needs to shed it's skin and remove the profit hungry leeches.... the big names will lose lots of money and will do all they can to consolidate anything…
Re: Hasbro laying off Wizards of the Coast staff is baffling
#43Re: Hasbro laying off Wizards of the Coast staff is baffling
#44Earlier quoted context omitted.
I think this hypothesis is a good example of an opinion I’m developing that any average executive team can follow the spreadsheet. But what makes a team truly exceptional is the ability and wisdom to identify and act on the subjective and immeasurable qualities of the business. If quality falls but sales rise, did quality not matter? Will it not matter? Maybe we’re not measuring the right things. Maybe we have the wr…
I actually think measurement is the source of “artificial stupidity”. We tend to measure what’s readily quantifiable. But these tend to be the most basic facts of a situation. And when we make decisions solely based on those metrics, we ignore significant higher order effects — which are difficult to measure. So we make reductive decisions. Which is where humanity had previously evolved tribal knowledge, parables, et…
Re: Hasbro laying off Wizards of the Coast staff is baffling
#45The company is struggling and likely pulling out all the stops the avoid bankruptcy, when you need liquidity this could very much include cuts to otherwise profitable segments.
Re: Hasbro laying off Wizards of the Coast staff is baffling
#46I don’t think it’s possible to determine if a decision like this is a good one without working at the company. News articles like this are useless.
Re: Hasbro laying off Wizards of the Coast staff is baffling
#47If I was one of the excellent artists at Wizards of the Coast, I would be worried about Stable Diffusion.
Re: Hasbro laying off Wizards of the Coast staff is baffling
#48I wish we could go back to that, because I was so excited about collecting cards back then. Nowadays I feel like unless I open a pack with a crazy reprint or a REALLY lucky list card, there are essentially no cards worth anything. I remember pulling some shock lands and even when they were only 8 bucks it felt really great, like it was gambling. Now, I only ever get packs of remastered sets, and standard sets are wholly uninteresting. I do a $40 draft and get $3 worth of cards, and it is to be seen if these EVER go up in value.
I still love the game, and I play it more than ever. But there are three groups of people: investors, people that realize it is a TCG, and people that think all cards should be worthless. The first is greedy, the middle is realistic, and the latter is idealistic. But I am solidly in the middle, and there is so much pushing on both sides that the middle group is demonized for wanting to play a game and have cards have relative value too.
Re: Hasbro laying off Wizards of the Coast staff is baffling
#49I really miss 2016 MtG. I remember when full art lands and full art promos were RARE and with money for no reason other than their collectability. I really liked when cards were rare because of the fact that they were good and uncommon and maybe because they were the same as the regular card but foil, not because they were arbitrarily a different type of shiny, or like when that one card from Kamigawa had a different…
What I don’t like is wotc printing new powerful cards in non-standard sets. Modern horizons, commander sets, etc print absolutely must play busted cards but the sets are limited print quantity and artificially scarce.
If it was up to me all new cards would be printed in standard sets and supplemental sets are reprints only.
2016 magic was nice because you could play reserved list cards without having to sell a kidney…
Re: Hasbro laying off Wizards of the Coast staff is baffling
#50The market seems to disagree with the piece. The stock was in free fall from early October and recovered a bit after the layoff announcement. Anyone have an idea why?
Because layoffs provide profitability, rough as it is. However! What Hasbro is doing to WOTC is tremendously short term thinking. You do not prune the organizations that are providing all of your liquidity in a time of crisis for fear of pruning the wrong branch and diminishing the growth by sending a message to key people that it’s time to go, which is always possible and arguably likely when you cut. I believe that…