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I went shooting with a some guys and met a real gamedev dude there. He's about my age and been at it since I dunno... Since IBM PC/XT or about that. Has a portfolio site etc. Not linking because i dunno if he wants to hide his gun nut status from work. Either way, I asked him if what we hear about labor and employment practices in gamedev is true and he said yes.
But wait, there's more. We have a guy in my dojo (coincidentally the one who hit me in the face with a stick just now), who is a webdev. He said it's exactly the same for front end guys. And, he has an agency like a Japanese idol, that gets him jobs.
I worked in computers for 35 years and I've not been laid off even once. Both of these get laid off every year. Just as soon as project ends, everyone is fired.