‘Fortnite’ developer Epic Games loses 830 employees in layoffs
nme.comEpic Games has announced the loss of 830 employees in a round of layoffs, with “two-thirds” of these roles outside of game development ventures.Through this, CEO Tim Sweeney aimed to “[cut] costs without sacrificing development or lines of businesses” and guarantee the continued efficacy of the company’s development functions.“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,” explained Sweeney in a post to the Epic Games official website.“I had long been optimistic that we could power through this transition without layoffs, but in retrospect I see that this was unrealistic.”Of these 830 employees, Epic Games will lose 250 employees resulting from divestitures from Bandcamp and SuperAwesome.
Bandcamp will be owned by Songtradr and “most” of SuperAwesome will be taken over by SuperAwesome Leadership.Those affected will benefit from a severance package that contains career transition services, visa support, six months base pay, the opportunity to “accelerate people’s stock option vesting schedule through the end of 2024” and six months of Epic-paid healthcare in the United States, Canada and Brazil.There will be no further redundancies in the future, affirmed Sweeney.
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