MEGPlay Logo

Epic Games makes cuts by laying off nearly 900 employees

Esports.net LogoEsports.net4 mo ago

Epic Games makes cuts by laying off nearly 900 employees - Esports.net

Story Highlights:

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.


More Pictures


News Information

Written By:

Category:

Games Mentioned:

Tags:


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


News Source URL: esports.net

Copyright: © Esports.net

Story ID: #1627871

Load Full Analysis

MEGPlay is the place for everything Esports and Gaming. Stay updated with the latest news and join our global community of gamers, streamers, esports teams, and more.

Copyright © 2019 - 2024 MEGPlay. All Rights Reserved. Content and imagery belong to their respective owners.