Epic Games laying off staff

[BUDFORCE]

Fortnite maker Epic Games is reportedly laying off 900 staff, or 16% of its entire workforce

Fortnite, Unreal Engine 5, and Gears of War creator Epic Games is reportedly preparing to lay off 900 staff, roughly 16% of its employees.

www.pcgamesn.com

Only posting this as my brother works for them and has been made redundant today.

Wonder if it's a sign of things to come? Although I guess Bethesda will have done well from Starfield.

 

[BUDFORCE]

Thanks for the kind comments.

I am sure he will be fine, they are giving him 6 months base salary pay, and he does have income protection insurance.

But yes a kick in the teeth.

As to some of the comments tech company to tech company etc. I have a theory (only a theory mind you) that this was planned a while ago. The company my brother works for was originally the company that developed that "Fall Guys" game on playstation and PC, it says Mediatonic but they must have rebranded because that wasn't the name at the time, I wana say Playfusion??? Then Epic Games bought them out, a couple of years ago after that Fall Guys game did commercially quite well given they were a small (ish) developer.

I am not sure if it was accidental or a part of a plan keep in mind we seem to be run by capitalism now.

 

[BUDFORCE]

That's capitalism for you.

I was one of six programmers in a small company that was bought out by a bigger fish.

We were all gone within a year apart from the MD, who had obviously cut himself a deal when he sold up.

Honestly why ganes are such a state these days, probably most things.

These companies just float on investments, rather than make their money from what they produce.

One of the companies my brother worked for, literally just sold the concept of a game, investors get interested, and the company gains share price, the thing starts snowballing and people make money, and the end result is almost a moot point after that point, sure if it sells well it's a bonus.

The company he's getting laid off from made that Fall Guys came, which I think for the size of the developer (before Epic Games) was a pretty big thing, and I'm guessing made them a lot of money, I guess the bigger fish saw the potential before it ever became a threat.

As you say, capitalism.