Epic are laying off 900 people. 16% of their workforce
Epic has confirmed reports of widespread layoffs at the company, saying the move will affect "around 830 employees", with approximately two-thirds of those job cuts said to be in teams "outside of core development".
Around 250 employees will leave the company as a result of Epic's newly announced divestiture of Bandcamp and SuperAwesome.
"For a while now," Epic CEO Tim Sweeney wrote in an all-staff email now shared on the company's website, "we've been spending way more money than we earn, investing in the next evolution of Epic and growing Fortnite as a metaverse-inspired ecosystem for creators. I had long been optimistic that we could power through this transition without layoffs, but in retrospect I see that this was unrealistic.
Source and more: https://www.eurogamer.net/epic-games-is-reportedly-laying-off-900-employees
Epic has confirmed reports of widespread layoffs at the company, saying the move will affect "around 830 employees", with approximately two-thirds of those job cuts said to be in teams "outside of core development".
Around 250 employees will leave the company as a result of Epic's newly announced divestiture of Bandcamp and SuperAwesome.
"For a while now," Epic CEO Tim Sweeney wrote in an all-staff email now shared on the company's website, "we've been spending way more money than we earn, investing in the next evolution of Epic and growing Fortnite as a metaverse-inspired ecosystem for creators. I had long been optimistic that we could power through this transition without layoffs, but in retrospect I see that this was unrealistic.
Source and more: https://www.eurogamer.net/epic-games-is-reportedly-laying-off-900-employees