We spend more than we earn Epic Games laid off

“We spend more than we earn”: Epic Games laid off more than 800 employees and admitted that Fortnite was no longer as profitable

The Bloomberg agency quoted an informant familiar with the situation Reportsthat a wave of layoffs swept across the American publisher and developer Epic Games. The studio is already there confirmed What happened.

    Image source: Epic Games

Image source: Epic Games

It was revealed that Epic Games laid off 830 employees on September 28, or about 16% of its workforce. About two-thirds of those laid off came from teams outside of core development.

Epic Games also announced the sale of Bandcamp, which it purchased in March 2022 (see below). acquired Songtradr) and the spin-off of the marketing company SuperAwesome in independent unit. They had about 250 employees.

    Image source: Songtradr

Image source: Songtradr

In a speech to employees, Tim Sweeney, CEO of Epic Games, admitted this for some time “We spend more than we earn”and his hope of surviving this period without layoffs was not fulfilled.

According to Sweeney, Fortnite is making less money now than when the battle royale launched: “Although Fortnite is beginning to grow again, this growth is primarily driven by content from developers, which accounts for a significant share of revenue.”.

    The Epic Games Store is not at risk (Image source: Epic Games)

The Epic Games Store is not at risk (Image source: Epic Games)

Sweeney assures that there will be no more layoffs at Epic Games, the company will continue to hire employees and take care of those laid off: severance pay, medical care, job assistance and visa support.

Epic Games will continue to invest in Unreal Engine, Fortnite, Rocket League and Fall Guys, Epic Games Store, Epic Games Publishing, Epic Online Services, MetaHuman, Kids Web Services, Twin Motion, Quixel Mega Scans, Capturing Reality, ArtStation, Sketchfab and Fabulous .


About the author

Alan Foster

Alan Foster covers computers and games and all the news in the gaming industry.

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