The whole piece is worth a read but to me this paragraph sums it all up:

“Who even knows what would please these people? They say they’re focusing their resources on bigger games, then they say they need smaller games. They say they love your games, then they shut your studio down. They make more money than they’ve ever made before, then they cut costs repeatedly, drastically, and cruelly. They buy more studios than they can manage, so the answer is not to use that aforementioned money to hire more (or perhaps better) managers, but to have fewer studios so management’s job can be easier.”