US EditionEpic Games is eliminating 16% of its workforce and selling Bandcamp
- Epic Games is laying off 16% of its workforce, with the CEO stating that most of the cuts will be outside of core development, allowing the company to reduce costs while preserving major plans.
- To achieve financial stability, Epic Games has decided to sell its music platform Bandcamp to Songtradr, as well as spin off most of its SuperAwesome services.
- This move by Epic Games reflects a broader trend in the tech industry, as companies are implementing job cuts to address slowing growth and higher interest rates.
43 Articles
43 Articles
Epic Games, maker of the video game 'Fortnite', lays off 830 employees
Epic Games, the video game manufacturer Fortnite, announced this Thursday that it has fired some 830 workers, 16% of the workforce, due to a crisis caused by the fall in popularity of its main title, which is played by an average of 30 million people a day. Tim Sweeney, the company's CEO, announced the measure in a statement to employees. “For a long time I was optimistic that we could get through this transition without letting anyone go, but l…
Epic Games to lay off 16% of its workforce
By Clare Duffy, CNN (CNN) — Epic Games, the maker of Fortnite, said on Thursday that it will lay off 16% of its staff, around 830 employees, as it attempts to reverse what CEO Tim Sweeney called “unrealistic” spending. In a letter to employees Thursday, Sweeney said the video game company had been “spending way more money than we earn, investing in the next evolution of Epic.” “I had long been optimistic that we could power through this transi…
Epic Games to lay off 16% of its workforce
By Clare Duffy, CNN (CNN) — Epic Games, the maker of Fortnite, said on Thursday that it will lay off 16% of its staff, around 830 employees, as it attempts to reverse what CEO Tim Sweeney called “unrealistic” spending. In a letter to employees Thursday, Sweeney said the video game company had been “spending way more money than we earn, investing in the next evolution of Epic.” “I had long been optimistic that we could power through this transi…
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