Epic Games Layoff's: Fornite Publisher lays off 16% of staff

Описание: Epic Games, publisher of the globally popular Fortnite and involved in antitrust lawsuits with both Apple and Google, is laying off hundreds of workers accounting for 16% of its staff, says owner Tim Sweeney. The news was announced to employees today.

“For a while now, we’ve been spending way more money than we earn, investing in the next evolution of Epic and growing Fortnite as a metaverse-inspired ecosystem for creators. I had long been optimistic that we could power through this transition without layoffs, but in retrospect I see that this was unrealistic,” Epic’s billionaire and majority owner Sweeney said in a memo.

Epic has multiple companies and affiliates around the world, including some 2,000 in Cary. Bloomberg News said in a post Friday that Epic is cutting 870 jobs. Epic is to build a new headquarters campus in Cary at the former Cary Towne Center mall. The company has made multiple acquisitions in recent years while also raising billions from investors, including LEGOS. Epic recently agreed to a record $520 million settlement with the Federal Trade Commission over ‘unlawful’ privacy, shopping issues. The layoff news came a day after Epic asked the Supreme Court to get involved in its lawsuit with Apple over Apple’s banning of Fortnite from its game store. Epic has sued Google over similar issues.

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