Epic Games said on Thursday that it’s laying off 16% of its workforce and is selling Bandcamp, which it acquired last year.
Epic Games on Thursday announced plans to lay off 16% of its workforce, sell Bandcamp and spin off most of its SuperAwesome services.
Sweeney said Epic had been working to cut spending on things like marketing and events, but"concluded that layoffs are the only way" to reach financial stability. "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," Sweeney wrote."I had long been optimistic that we could power through this transition without layoffs, but in retrospect I see that this was unrealistic."Sign up for NBC San Diego newsletters.
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