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Epic Games Cuts About 1,000 Jobs Across Company (www.bloomberg.com)

submitted 7 hours ago by BountifulEggnog@hexbear.net to c/games@hexbear.net

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“We’re spending significantly more than we’re making, and we have to make major cuts to keep the company funded,” the company said in a blog post on Tuesday. “This layoff, together with over $500 million of identified cost savings in contracting, marketing, and closing some open roles puts us in a more stable place.”

Last week, Epic raised the prices of Fortnite’s in-game currency, writing in a blog post that “The cost of running Fortnite has gone up a lot and we’re raising prices to help pay the bills.”

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[–] mrfugu@hexbear.net 4 points 4 hours ago (1 children)

fortnite was never going to last forever but this is the company that makes unreal engine we’re talking about. Don’t they get a sweet cut of most AAA titles of the last 20 years?

Could be a larger indicator of how the gaming industry is doing but regardless I would still bet this boils down to executive incompetence/share holder trickery.

[–] Chana@hexbear.net 4 points 4 hours ago

Every C suite knows that firings makes line go up