Epic lay off 830 people thanks to "unrealistic" metaverse ambitions

Unreal Engine and Fortnite publisher Epic Games are making an absolutely enormous round of job cuts. As announced by billionaire founder and CEO Tim Sweeney in an email to staff today, the company will lay off approximately 830 people, totalling “around 16%” of their workforce, in order to achieve “financial sustainability” following a period of heavy investment and lower-than-hoped returns from Fortnite.

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