Epic Games is laying off 16% of its staff

I'm curious where the layoffs are occurring. Admin? Epic Games Store? Maybe now that UE5 is mostly baked they're reducing the size of the team? I'd be surprised if they were expecting to make significantly less money this year.

Re: Epic Games is laying off 16% of its staff

#6

Post by bluetidepro » Thu, Sep 28, 2023, 3:23 PM UTC

I wonder if this is related to the class action that is just now finally going through the submission phase for people: https://www.ftc.gov/news-events/news/press-releases/2023/03/...

Re: Epic Games is laying off 16% of its staff

#7

Post by amsterdorn » Thu, Sep 28, 2023, 3:23 PM UTC

sarchertech wrote: post #4

Wonder why the waited until after the layoff train was over.

Evidently the train is still running.

Re: Epic Games is laying off 16% of its staff

#8

Post by chankstein38 » Thu, Sep 28, 2023, 3:24 PM UTC

cableshaft wrote: post #2

Fortnite not quite the cash cow anymore? Or they've been burning too much cash on Epic Games store? Or something else? Article might say but can't tell because of the paywall.

>Article might say but can't tell because of the paywall.

Same but anecdotally I can say I know a ton of people who stopped playing Fortnite these last few seasons because Epic kept making it more and more annoying to play. So your theory might be on the money!

Re: Epic Games is laying off 16% of its staff

#9

Post by jsnell » Thu, Sep 28, 2023, 3:25 PM UTC

bluetidepro wrote: post #6

I wonder if this is related to the class action that is just now finally going through the submission phase for people: https://www.ftc.gov/news-events/news/press-releases/2023/03/...

No, those kinds of one-off events don't cause an otherwise profitable company to lay off people.

Re: Epic Games is laying off 16% of its staff

#10

Post by paulddraper » Thu, Sep 28, 2023, 3:25 PM UTC

sarchertech wrote: post #4

Wonder why the waited until after the layoff train was over.

It's over?