Epic CEO Tim Sweeney says 'employers will see a stream of resumes of once-in-a-lifetime quality' after the company laid off more than 1,000 people
Epic Games CEO Tim Sweeney announced that the company has laid off over 1,000 employees and cut significant costs, stating that the company is still spending more than it earns. Sweeney noted that the layoffs were not performance-based and that affected employees represent top talent. The company cited a downturn in Fortnite engagement and lower sales of current-generation consoles as reasons for the financial struggles.
- Entities
- Game: Unreal Engine
- Company: Epic Games
- Topic: Layoffs
- Game: Fortnite
- Topic: Game Development
- Topic: Live Service Games
- Person: Tim Sweeney
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