Epic Games fires 16% of employees and sells music platform Bandcamp

Epic Games has announced the layoff of 16% of its employees – about 830 employees will lose their jobs. This is reported by CNBC, citing the company’s information.

“For a while now, we’ve been spending way more money than we earn, investing in the next evolution of Epic and growing Fortnite as a metaverse-inspired ecosystem for creators,” Sweeney wrote. “I had long been optimistic that we could power through this transition without layoffs, but in retrospect I see that this was unrealistic.”

In addition to job cuts, Epic Games announced the sale of the Bandcamp music platform and the spin-off of the SuperAwesome marketing company.

Earlier it was reported that in 2022, Epic Games Store distributed more than 100 games for a total of $2,244. Of course, there were the most of them in December, during which players could withdraw as many as 19 games.