Epic Games Announces Layoffs of 830 Employees
“Spending way more than we earn” — CEO Tim Sweeney attributed layoffs to major structural changes in the company’s economics. Epic Games, the developer of Fortnite, has slashed 16% of its workforce, or approximately 830 employees, due to spending “way more” money than it was generating due to unrealistic expectations of metaverse-inspired revenue. In a […]