Most of the job cuts – about two-thirds – impact teams outside of core development units. In fact, Epic is not cutting any core businesses. The labor.
In a nutshell: Epic Games has confirmed plans to lay off around 830 employees, or roughly 16 percent of the company’s workforce. In an e-mail sent to employees that was also shared online, Epic Games CEO Tim Sweeny said they’ve been spending more money than they earn for a while now. He hoped they’d be able to weather the storm by implementing measures like net zero hiring and reducing their marketing budget. In retrospect, Sweeny said, this hope was unrealistic.
Most of the job cuts – about two-thirds – impact teams outside of core development units.
