What’s up with the massive amounts of layoffs in the video game industry right now?

So I’m confused. Yes, I know video game layoffs are common and happen often but I feel like it’s becoming more frequent this year, first with the Marvel rivals layoffs and now WB? Is there a reason why things are getting more heavy this year?

https://www.gamesindustry.biz/warner-bros-reportedly-shuttering-monolith-productions-player-first-games-and-warner-bros-san-diego