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Epic Games makes cuts by laying off nearly 900 employees LogoEsports.net4 mo ago

Epic Games makes cuts by laying off nearly 900 employees -

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Epic Games also hit by a wave of layoffs In the latest report by Bloomberg, 16% of Epic Games Inc.’s workforce was laid off through a memo to its staff by Chief Executive Officer Tim Sweeney, saying the company has "been spending way more money than we earn.”.

 According to people close to the matter, Epic Games Inc, the company behind the popular battle royale game Fortnite, is laying off 16% of its staff.

CEO Tim Sweeney owns the majority of shares while the Chinese conglomerate Tencent Holdings Ltd.currently has a 40% stake.

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Date Published: 28 Sep, 2023 (4 months ago)

Publish Time: 5:33 PM (GMT +8:00)

Language: English

Story Length: 340 words

Reading Time: 2 minutes read

Attachments: 1 Pictures

Story Rating: Rated #138 (out of 159 stories this day)

Estimated Value: $0.00

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Copyright: ©

Story ID: #1627871

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