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Probably, they had to let 830 (16%) go to reach financial stability and got rid of Bandcamp and SuperAwesome for another 250. [1] Apparently they were "spendin
by araes 3y ago
Probably, they had to let 830 (16%) go to reach financial stability and got rid of Bandcamp and SuperAwesome for another 250. [1] Apparently they were "spending way more money than we earn" to try and turn Fortnite into a metaverse concept. However, lately they say they've been getting by on low margin creator content revenue sharing that seems to not be enough. Based on the letter, the layoffs and divestitures brought them to financial stability again.
[1] Sept 28, 2023 https://www.epicgames.com/site/en-US/news/layoffs-at-epic https://www.epicgames.com/site/en-US/news/layoffs-at-epic
- jtriangle 3y agoOh make no mistake, they're still burning a ton of money trying to get their cross play metaverse thing off the ground. Those dev teams didn't lose a single person in those layoffs, in fact, whole departments were gutted and some of the engineering talent was reassigned to the metaverse team. It's so much worse than you can imagine.