Epic Games Layoffs: Fortnite Maker Cuts 16% of Staff
Epic Games logo is seen displayed on a phone screen in this illustration photo taken in Krakow, Poland on May 3, 2021. (Photo illustration by Jakub Porzycki/NurPhoto via Getty Images)
- Epic Games, the developer of Fortnite, recently announced layoffs affecting about 900 employees, amounting to 16% of its workforce.
- These layoffs are attributed to the company’s unfulfilled metaverse ambitions, which have resulted in financial losses.
- Epic Games CEO Tim Sweeney’s focus on building a virtual metaverse and revenue-sharing initiatives led to financial strain, despite Fortnite’s success.
- Legal battles with Apple, stemming from Epic’s challenge to App Store payment guidelines, further drained the company’s resources.
- Affected employees will receive a severance package, but these layoffs reflect the consequences of the company’s ambitious yet costly strategic decisions.
