Massive layoffs and studio divesture at Epic Games - Blames poor Fortnite Growth

[Kornball The Conqueror]

these people are hella lazy they get one lick and call it a day

 

[daze23]

we're getting closer to Alan Wake 2 on Steam

 

[Diunx]

They threw lots of money at the epic store and probably planned to pay for it with fortnight.

Too bad all that money went to giving away Tomb Raider and GTA V and none to actual store features

 

[Khalil's_Black_Excellence]

Yeah, being good afterwards seems to be the exception rather than the rule for dev studios who get acquired.

Sony being one of those exceptions.

 

[The Intergalactic Koala]

Karma for shutting down Unreal Tournament

But on the real, hope those that were laid off find a gig or branch out to better pastures. Meanwhile, Epic can eat wombat dikks for brunch

 

[rabbid]

Laying people off but still hiring means you offered no plans to help get those people other jobs elsewhere.

 

[Mike Ock]

Laying people off but still hiring means you offered no plans to help get those people other jobs elsewhere.

What company does though?....I work there, didn't get laid off but the compensation package is generous enough to help people get thru sometime in order to hopefully find the next gig.

Def a turn of events from 2-3 years ago though.

The one day a week I go to the office and was there when people got their termination emails.

 

[Batsute]

What company does though?....I work there, didn't get laid off but the compensation package is generous enough to help people get thru sometime in order to hopefully find the next gig.

Def a turn of events from 2-3 years ago though.

The one day a week I go to the office and was there when people got their termination emails.

Game industry careers is struggling breh, on average you battling it out with 200+ people if you’re lucky. Comp may be great but it’s usually 3-4 months if you’re lucky. There’s people from Unity still posting woe is me post with that green badge of shame.

 

[Legal]

They threw lots of money at the epic store and probably planned to pay for it with fortnight.

Yeah, this is definitely the combo of the unsustainability of both being aggressive with taking less of a cut from sales on the Epic Store to cut into Steam's share of the market, and expecting Fortnite to perform at a level to cover that lost revenue.

Not sure why they went that route anyway, since realistically speaking, there was no way that they were going to take a truly significant chunk away from Steam in the less than five years that the store's existed.

 

[Gizmo_Duck]

its a blood bath across the industry again today

 

[Gizmo_Duck]

Yeah, this is definitely the combo of the unsustainability of both being aggressive with taking less of a cut from sales on the Epic Store to cut into Steam's share of the market, and expecting Fortnite to perform at a level to cover that lost revenue.

Not sure why they went that route anyway, since realistically speaking, there was no way that they were going to take a truly significant chunk away from Steam in the less than five years that the store's existed.

Constant need for growth from investors got publishers over extending themselves using their viable products as collateral

 

[Hood Critic]

My son put me on to Fall Guys, I enjoyed it.

 

[MikelArteta]

my nieces and nephew used to love fortnite now they play rocket league and roblox

 

[acri1]

Even when you have an extremely successful product like Fortnite, you can't eat off the same thing forever.

 

[Schadenfreude]

bet you the CEO's got paid tho...

Sweeney is one of the founders, he's worth billions now.