Epic lays off 16% of employees

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Company Epic Games 870 employees were laid off, which is about 16% of the total. According to his boss Tim Sweeney the creators of Fortnite, Unreal Engine and Epic Games Store operators must save money despite the growth of the first named game.

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“We’ve been spending far more money than we make for some time, investing in the continued growth of Epic and the development of Fortnite as a creator ecosystem inspired by the metaverse. I have long believed that we could make this transition without layoffs, but in retrospect, that was not realistic,” Sweeney wrote in a letter to employees.

Fortnite is growing, but while it used to make money mainly through microtransactions, it now relies on this program. Creatorin which Epic keeps 40% of the profits to the creators.

Two-thirds of those made redundant were to be “outside key development”. The studio had to undergo a significant downsizing. Mediatonic behind the blow Autumn guys. The team’s developers confirm this on social networks.

Source :Indian TV

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