Epic Games Lays Off Hundreds as It Cuts Costs, Fights Apple Lawsuit

Epic Games is laying off 16% of its workforce, impacting around 870 employees. This comes as the company has been spending more than it earns.
Epic is divesting Bandcamp and spinning off SuperAwesome to cut costs and stabilize finances.
The layoffs impact teams outside of core development so Epic can still focus on key projects like Fortnite and the metaverse.
Epic filed a petition with the Supreme Court to reopen its legal battle against Apple's App Store policies.
Epic says it is reducing legal expenses but will continue fighting Apple and Google's "distribution monopolies and taxes."

techcrunch.com

Relevant topic timeline:

9/29/2023

Fortnite Emote Mocks Layoffs Same Day Epic Announces 900 Employees Let Go

Epic Games faced backlash after laying off 900 employees and then re-releasing a microtransaction in Fortnite, causing criticism and anger among players and former employees.

9/30/2023

Epic Games Lays Off 16% of Staff, Fall Guys Team Impacted But Game Remains Priority

Epic Games lays off 16% of its workforce, including employees from Mediatonic, the developer of Fall Guys, but clarifies that Mediatonic is still intact and its work on Fall Guys remains a priority.

9/30/2023

Bandcamp Sold to Songtradr Months After Employees Formed Union, Disrupting Newly Formed Bandcamp Union

Bandcamp, the online music platform, has laid off 16% of its staff and has been sold from Epic Games to Songtradr, raising concerns about the future of the newly-formed Bandcamp United union.

10/2/2023

UK Games Industry Hit with More Layoffs - Team17 Latest to Cut Jobs Amid Difficult Year

UK games industry company Team17 is facing significant layoffs, particularly in its quality assurance department, while also seeing the departure of its CEO, Michael Pattison. This comes after concerns were raised about pay, working conditions, and management failures within the company.

10/6/2023

Epic Games CEO reveals financial struggles led to recent layoffs after relying too heavily on Fortnite revenue

Epic Games CEO Tim Sweeney admitted that the company's recent layoffs were a necessary survival move to stabilize their finances amid financial difficulties and ongoing legal battles, with the company heavily relying on Fortnite's revenue.

10/6/2023

Telltale Games Lays Off Majority of Staff Again, 5 Years After Previous Mass Layoffs

Telltale Games, the video game studio, has laid off employees due to current market conditions, but they are committed to supporting those impacted and continuing development on their ongoing projects. The layoffs are part of a trend of mass layoffs in the gaming industry, leading to increased discussions around unionization.

10/16/2023

Epic launches Now On Epic program to bring older games to its store with favorable revenue split

Epic Games has introduced the "Now On Epic" program, offering developers 100 percent of net revenue for six months to encourage them to bring their older games to the Epic Games Store and compete with Steam.

10/16/2023

Epic Games Launches 'Now on Epic' Program with 100% Revenue Share to Attract Developers

Fortnite maker Epic Games has launched the Now on Epic program, which offers a 100% revenue boost for eligible back catalog games for the first six months of release on the Epic Games Store, in an effort to compete better with Steam.

Topics

Posted 9/28/2023, 3:25:31 PM

Epic Games Lays Off Hundreds as It Cuts Costs, Fights Apple Lawsuit

Epic Games is laying off 16% of its workforce, impacting around 870 employees. This comes as the company has been spending more than it earns.
Epic is divesting Bandcamp and spinning off SuperAwesome to cut costs and stabilize finances.
The layoffs impact teams outside of core development so Epic can still focus on key projects like Fortnite and the metaverse.
Epic filed a petition with the Supreme Court to reopen its legal battle against Apple's App Store policies.
Epic says it is reducing legal expenses but will continue fighting Apple and Google's "distribution monopolies and taxes."

techcrunch.com

Relevant topic timeline:

9/29/2023

Fortnite Emote Mocks Layoffs Same Day Epic Announces 900 Employees Let Go

Epic Games faced backlash after laying off 900 employees and then re-releasing a microtransaction in Fortnite, causing criticism and anger among players and former employees.

9/30/2023

Epic Games Lays Off 16% of Staff, Fall Guys Team Impacted But Game Remains Priority

Epic Games lays off 16% of its workforce, including employees from Mediatonic, the developer of Fall Guys, but clarifies that Mediatonic is still intact and its work on Fall Guys remains a priority.

9/30/2023

Bandcamp Sold to Songtradr Months After Employees Formed Union, Disrupting Newly Formed Bandcamp Union

Bandcamp, the online music platform, has laid off 16% of its staff and has been sold from Epic Games to Songtradr, raising concerns about the future of the newly-formed Bandcamp United union.

10/2/2023

UK Games Industry Hit with More Layoffs - Team17 Latest to Cut Jobs Amid Difficult Year

10/6/2023

Epic Games CEO reveals financial struggles led to recent layoffs after relying too heavily on Fortnite revenue

10/6/2023

Telltale Games Lays Off Majority of Staff Again, 5 Years After Previous Mass Layoffs

10/16/2023

Epic launches Now On Epic program to bring older games to its store with favorable revenue split

10/16/2023

Epic Games Launches 'Now on Epic' Program with 100% Revenue Share to Attract Developers