500 millions in savings? They seem to have been burning lot of money. And relying on single game seems to not be working.
Also I wonder if their low cut on EGS is doing part of these problems...
Epic Games to cut more than 1k jobs as Fortnite usage falls
41–50 of 584 posts
Re: Epic Games to cut more than 1k jobs as Fortnite usage falls
#42The CEO is worth 7B+. 1000 employees at 100k/yr would cost him 100M - less than his net worth fluctuates on any given day and only 20% of other costs savings they have identified. Executives care little about the stakeholders: the employees, the customers, the community. It's their company, too. They only care about investors and themselves. People who "own" pay a lower tax rate than those that "work". Let's fix that…
Why would the CEO waste his wealth on reviving unnecessary jobs?
Why keep the goose that lays the golden eggs alive when you can kill it and get all the golden eggs today?
Re: Epic Games to cut more than 1k jobs as Fortnite usage falls
#43Quite stunned that Fortnites 5bn per year isn't enough to keep them going. They've been pull about that much in per year since 2019 AFAIK. I really hope this one have knock ons for Unreal Engine or lead to Unity like licensing. Their indie grants are also quite generous.
Of course it's enough, the problem is greed. They must perform ritual sacrifices to appease the market gods.
They aren't publicly traded.
Re: Epic Games to cut more than 1k jobs as Fortnite usage falls
#44[flagged]
Re: Epic Games to cut more than 1k jobs as Fortnite usage falls
#45The CEO is worth 7B+. 1000 employees at 100k/yr would cost him 100M - less than his net worth fluctuates on any given day and only 20% of other costs savings they have identified. Executives care little about the stakeholders: the employees, the customers, the community. It's their company, too. They only care about investors and themselves. People who "own" pay a lower tax rate than those that "work". Let's fix that…
Why would the CEO waste his wealth on reviving unnecessary jobs?
Isn't he responsible for this downturn?
Re: Epic Games to cut more than 1k jobs as Fortnite usage falls
#46[flagged]
Is this supposed to be a joke?
Re: Epic Games to cut more than 1k jobs as Fortnite usage falls
#47Earlier quoted context omitted.
Everyone has tried already. EA, Ubisoft, Blizzard, Epic...
Always thought the hate against EA Origin was unwarranted. They 24 hour no questions ask refund policy back in ~2010 that took steam like 5 years to implement themselves. Outside of being forced to use a game launcher to launch their games, what was the real crime? Not enabling gambling on their platform like steam?
The main problem with EA Origin was EA itself. They have burnt every single bit of costumer trust EA as a company could have.
Re: Epic Games to cut more than 1k jobs as Fortnite usage falls
#48The CEO is worth 7B+. 1000 employees at 100k/yr would cost him 100M - less than his net worth fluctuates on any given day and only 20% of other costs savings they have identified. Executives care little about the stakeholders: the employees, the customers, the community. It's their company, too. They only care about investors and themselves. People who "own" pay a lower tax rate than those that "work". Let's fix that…
[deleted]
Re: Epic Games to cut more than 1k jobs as Fortnite usage falls
#49The CEO is worth 7B+. 1000 employees at 100k/yr would cost him 100M - less than his net worth fluctuates on any given day and only 20% of other costs savings they have identified. Executives care little about the stakeholders: the employees, the customers, the community. It's their company, too. They only care about investors and themselves. People who "own" pay a lower tax rate than those that "work". Let's fix that…
This is 25% of their workforce; this isn't some sort of greed thing it's a serious cut to the companies operational ability due to the downturn of their product line. Maybe he could destroy his wealth to keep the employees around a bit longer but it's better for everyone if they move on and the company has a legitimate opportunity to survive. Besides people don't want to be on corporate welfare anyways, they'd rather…
>Besides people don't want to be on corporate welfare anyways, they'd rather be part of a company where they can add meaningful value.
Funny. Those companies don't seem to be hiring. Everyone is doing layoffs. Maybe you said that wrong? People running companies don't feel obligated to employ, therefore everyone is now Someone Else's Problem.
Re: Epic Games to cut more than 1k jobs as Fortnite usage falls
#50500M in savings seems like huge amount. Just how unstable is their income? And just what else have they been burning money on to look at that sort of cost saving goal.