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Published 2 months ago

Epic 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.
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