This year will be remembered not only for great games, but also for great layoffs. It joins Microsoft, Embracer Group and others. Epic Games. Fortnite because he stopped earning so much, or rather the company has to share income with content creators.
“For some time we spend much more than we earn.“ Epic Games CEO Tim Sweeney complained in an internal message, announcing layoffs to stabilize the company’s finances.
“I was optimistic for a long time that we would make this transition without layoffs, but looking back, I realize that was not realistic. “Fortnite is starting to grow again, but that growth is driven primarily by content from creators with a larger share of revenue than when Fortnite Battle Royale took off and began funding our expansion.” Sweeney said. “The success of the creator ecosystem is a great achievement, but it represents a major structural change in our economy.”
According to journalist Jason Schreier of Bloomberg, Epic fire 870 people, which is approximately 16% of all employees. Fortunately, those laid off receive six months of severance pay, six months of health insurance in the US, Canada and Brazil, and two years to exercise options.
Sweeney didn’t mention spending on Epic Games Store exclusives. The release was intended for people not associated with the development of Fortnite and Unreal Engine, in particular. At the same time, Epic sold its album selling platform. Group camp Songtrad and highlights a large part of SuperAwesome, which focuses on children’s technology and marketing. Both companies were acquired by Epic Games in 2022 and 2020, respectively, but posts from employees began appearing on social media. Mediatonic, where Fall Guys make sure they get fired. At the moment we do not know how many there were in total.
Epic Games is the next major company to be laid off. Earlier this year, Microsoft announced plans to lay off about 10,000 employees, including from Xbox and Bethesda. In July, CD Projekt RED laid off about 10% of its staff to make the Polish studio a more flexible and efficient team. Other companies have been hit by layoffs recently, including Unity, Riot Games, Blizzard, Crystal Dynamics (Tom Raider), Bioware, and Striking Distance (The Callisto Protocol). Last month, the Swedish holding company Embracer Group also closed the studio Volition (Saints Row and Red Faction).
Source :Indian TV
