Epic Games is slashing its workforce by 16%, laying off about 830 employees, as it looks to cut costs. The cutbacks were announced in an internal memo from Epic CEO Tim Sweeney. In addition to the layoffs, the company is selling Bandcamp the music store and community platform it acquired in 2022, and will spin off most of SuperAwesome, the kids’ digital marketing company Epic bought in 2020.
Source: Fortnite Developer Epic Games Axing 16% of Staff, Laying Off 830 Employees, and Sells Bandcamp