Epic Games Layoffs: What’s Really Going On?

<p>Epic Games, the creator of the massively popular&nbsp;<a href="https://www.fortnite.com/?lang=en-US" rel="noopener ugc nofollow" target="_blank">Fortnite</a>, has made headlines for layoffs.</p> <p>Last Thursday, the company announced the layoff of around&nbsp;<strong>900 employees, which is 16% of their workforce</strong>. We found ourselves in conversations beyond gaming strategies and developments.</p> <p>Many people say the reasons behind these layoffs are tied to the company&rsquo;s unfulfilled metaverse dreams.</p> <h2><strong>Behind the Scenes</strong></h2> <p>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.</p> <p>However, there is another reason that separates Epic Games from this situation: the company CEO,&nbsp;<strong>Tim Sweeney,</strong>&nbsp;as it appears, is responsible for all decisions himself, and he has become obsessive about chasing the metaverse dream.</p> <p>Almost every plan for the metaverse has resulted in financial losses for the company.</p> <p><a href="https://medium.com/@ratic_io/epic-games-layoffs-whats-really-going-on-998f2ecd608a"><strong>Click Here</strong></a></p>
Tags: Epic Games