Epic Games, the creator of the massively popular Fortnite, has made headlines for layoffs.
Last Thursday, the company announced the layoff of around 900 employees, which is 16% of their workforce. We found ourselves in conversations beyond gaming strategies and developments.
Many people say the reasons behind these layoffs are tied to the company’s unfulfilled metaverse dreams.
Behind the Scenes
Economic instability has resulted in large companies laying off many employees. The gaming industry is no different, causing many layoffs, studio closures, and games canceled and put on dusty shelves.
However, there is another reason that separates Epic Games from this situation: the company CEO, Tim Sweeney, as it appears, is responsible for all decisions himself, and he has become obsessive about chasing the metaverse dream.
Almost every plan for the metaverse has resulted in financial losses for the company.