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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] 1 points 11 months ago

They cancelled a bunch of games like Paragon and Unreal tournament to feed the Fortnite machine, abandoned the main Fortnite mode they had already sold and then started funneling money at the epic store.

The epic store at this point has been such a huge loss, exclusivity deals alone are worth millions and not even those managed to get them a user base.

A company with Fortnite's and Unreal's income should not be struggling to make a profit.