Epic Games Laying Off 16% of Its Staff

Epic Games is laying off 16% of its staff, eliminating roughly 870 jobs, according to a new report....
Epic Games Laying Off 16% of Its Staff
Written by WebProNews
  • Epic Games is laying off 16% of its staff, eliminating roughly 870 jobs, according to a new report.

    Epic Games, the maker of the popular Fortnite game, has been in the news extensively over its long legal battle with Apple, a battle it overwhelming lost. Bloomberg’s Jason Schreier was the first to report the layoffs on X:

    This morning, rumors were flying as Epic disabled Slack for employees ahead of the news. Laid-off Epic employees will receive six months severance and health benefits. All-hands meeting happening shortly.

    Jason Schreier (@jasonschreier) — September 27, 2023

    CEO Tim Sweeney blamed unsustainable spending in a memo to employees, via Kotaku:

    “For a while now, we’ve been spending way more money than we earn,” wrote Sweeney. “I have long been optimistic we could power through this transition without layoffs, but in retrospect I see that this was unrealistic.”

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