Epic Games lays off around 16% of employees
Following a Bloomberg report, Epic Games has confirmed that it will be laying off around 16% of its workforce; or some 830 employees.
"For a while now, 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," Tim Sweeney said in an email to Epic employees. "I had long been optimistic that we could power through this transition without layoffs, but in retrospect I see that this was unrealistic."
Sweeney also mentioned that Epic is looking to sell the independent music storefront Bandcamp and spinning off SuperAwesome, a branch that specializes in creating safe online experiences for children.
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