this post was submitted on 28 Sep 2023
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Epic Games laying off 16% of staff, divesting from assets including Bandcamp, and generally hemorrhaging money (nitter.net)
submitted 11 months ago* (last edited 11 months ago) by [email protected] to c/[email protected]
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That feeling when you race to the bottom only to eventually... arrive at the bottom.

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[–] [email protected] 10 points 11 months ago

Here is an article on it: https://www.polygon.com/23894267/epic-games-fortnite-unreal-engine-layoffs-2023

Looks like they just were spending too much and needed to clean up. On the positive side, they're offering all affected employees 6 months of severance + healthcare. That is really generous of them.