Epic Games, the maker of Fortnite, is laying off 16% of its workforce as it tries to stabilize its finances. The layoffs will affect around 870 employees. The company has also announced that it will be divesting Bandcamp and spinning off SuperAwesome as an independent company. Despite previous cost-cutting measures, the company failed to achieve financial sustainability. The layoffs are intended to stabilize the company’s finances without affecting core development or main business lines. Epic is prioritizing the release of successful projects, including the next season of Fortnite. The company is also fighting against distribution monopolies and taxes imposed by Apple and Google.
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Fortnite maker Epic Games is laying off 830 employees
Epic Games, the maker of Fortnite, is laying off 16% of its workforce as it tries to stabilize its finances. The layoffs will affect around 870 employees. The company has also announced that it will be divesting Bandcamp and spinning off SuperAwesome as an independent company. Despite previous cost-cutting measures, the company failed to achieve financial sustainability. The layoffs are intended to stabilize the company’s finances without affecting core development or main business lines. Epic is prioritizing the release of successful projects, including the next season of Fortnite. The company is also fighting against distribution monopolies and taxes imposed by Apple and Google.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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