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Thread: Financial crisis
November 3rd, 2008 #1
Any thoughts on how this stupid worldwide financial crisis will affect the concept art job market?
Hide this ad by registering as a memberNovember 3rd, 2008 #2
People won't be hiring as much and some companies (like EA) have laid off workers. Dont expect the entertainment industry to be hit nearly as hard as everywhere else.
If Obama wins I think I heard something about a tax break for hiring new workers, so you might see some increased jobs soon.
November 3rd, 2008 #3
If Obama wins its good news for the US I guess but I am located in Europe so, what's the story on the concept art hiring scene in the UK and Europe now that recession is setting in? Anyone?.... Anyone?...
November 3rd, 2008 #4My work: [link]
November 3rd, 2008 #5
November 3rd, 2008 #6
People need distracting while they head out to the poor house.
November 3rd, 2008 #7
People will still be shelling out the money for entertainment but still durring economic crises most companies tend to play on the safe side with the cash that they have, so I wouldn't expect them to be hiring a whole bunch. Also it sucks for me as they probably will stick to the artists they know and have worked with, rather than the guys trying to get noticed and get their foot in the door.
November 3rd, 2008 #8
I agree with you Peter. I think it's really going to be hard for people trying to get into the industry. It sucks that just when I will be ready to send out portfolio samples, the crisis will be going strong... It sucks really bad!!!! I don't know what else to say... We're just unlucky that way...
November 3rd, 2008 #9
November 3rd, 2008 #10
Like I said, we're just unlucky it had to happen now that some of us are getting ready to dive into it all.... Really unlucky!!!!
November 3rd, 2008 #11
November 3rd, 2008 #12
November 3rd, 2008 #13
Right, I think it's going to affect new hires more than anything else. Even with supposed tax breaks that's not enough to hire a new person on staff considering you may have to pay for benefits etc...
Remember they said the banks aren't loaning money. If a person is trying to gain capital for their company this is difficult as it generally takes about 10 years to see profit in at least the average US scenario. If they were using that loan money to help with new projects, that means those projects will get canceled. Some of these effects right now aren't visible until quarters to come.
November 3rd, 2008 #14
November 3rd, 2008 #15
I know times are tough but don't let it bring you down.
Remember, hope dies last... or something...
If anyone has anything positive and uplifting to say, now is the time
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