https://www.epicgames.com/site/en-US/news/layoffs-at-epic
https://www.theverge.com/2023/9/28/23894266/epic-games-layoffs-fortnite-unreal-engine
Tim Sweeney sent the following email to Epic employees:
As we shared earlier, we are laying off around 16% of Epic employees. We’re divesting Bandcamp and spinning off most of SuperAwesome.
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. I had long been optimistic that we could power through this transition without layoffs, but in retrospect I see that this was unrealistic.