"Fortnite" game developer Epic Games announced 830 layoffs, accounting for 16%

Thanks to CTOnews.com netizens Wu Yanzu and Coje_He for the clue delivery! CTOnews.com Sept. 29, Epic Games recently issued an announcement to lay off 830 people, accounting for 16% of its employees.

CTOnews.com note: Tim Sweeney, chief executive of Epic, said in a memo to employees that the company's expenses had exceeded the revenue generated by the "Fortnite" game and that the company had tried various cost-cutting efforts before making the layoff decision, but in the end "could not achieve financial sustainability", so it had no choice but to cut staff.

'layoffs are the only way to stabilize the company's finances, 'Mr. Sweeney said. Employees receive a severance payment, including six months of base salary and six months of paid health care.

As for the fight against Apple, Sweeney claimed that Epic Games is taking steps to reduce legal fees, but will continue the legal struggle to promote the prosperity of meta-universe and create opportunities for Epic and all other developers.