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Epic Games Terminates Nearly 1,000 Employees

Epic Games Terminates Nearly 1,000 Employees

Epic Games is facing several setbacks, including a decline in Fortnite’s popularity, an unfavorable legal outcome in its battle with Apple, and challenges with the Epic Games Store. In response, the company has decided to downsize its workforce by laying off approximately 870 employees, which accounts for 16% of its total workforce.

Additionally, Epic Games plans to divest itself of Bandcamp, an online music distribution platform it acquired last year. The company also intends to sell a significant portion of SuperAwesome, a firm specializing in child-safe technology.

Also Read:Β Over 2000 Fired Employees Await Payment from Elon Musk

In a message to Epic Games employees, CEO Tim Sweeney explained that the company had exceeded its earnings and was taking these measures to sustain its growth. Sweeney emphasized that while the company had tried to reduce operational costs, staff reductions had become necessary to ensure financial viability.

The decision to sell Bandcamp and a significant portion of SuperAwesome is part of Epic Games’ strategy to improve its financial position. Bandcamp will join the music market company Songtradr, while SuperAwesome’s advertising division will continue to operate independently.

 

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Syed Musa

Musa edits and optimizes multimedia content, carefully shaping each frame and detail to enhance its impact. His creative touch ensures that every video meets high standards of quality and effectiveness. His work gives Newsguru’s visuals a professional and polished look, transforming raw ideas into engaging stories that capture attention and leave a lasting impression.
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Syed Musa

Designation: Media Editor

Musa edits and optimizes multimedia content, carefully shaping each frame and detail to enhance its impact. His creative touch ensures that every video meets high standards of quality and effectiveness. His work gives Newsguru’s visuals a professional and polished look, transforming raw ideas into engaging stories that capture attention and leave a lasting impression.

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