While Fortnite is starting to grow again, the growth is driven primarily by creator content with significant revenue sharing, and this is a lower margin business than we had when Fortnite Battle Royale took off and began funding our expansion. I had long been optimistic that we could power through this transition without layoffs, but in retrospect I see that this was unrealistic. We're divesting Bandcamp and spinning off most of SuperAwesome.įor a while now, we've been spending way more money than we earn, investing in the next evolution of Epic and growing Fortnite as a metaverse-inspired ecosystem for creators. Around 250 people are leaving Epic through the divestitures from Bandcamp and SuperAwesome.Īs we shared earlier, we are laying off around 16% of Epic employees. Both were acquired by Epic Games in 20, respectively. Separately, Epic is 'divesting' music service platform Bandcamp and will spin off most of SuperAwesome, a kid-safe technology company.
Epic Games shared a memo CEO Tim Sweeney sent out to staff in a new blog post. First reported by Bloomberg, Epic Games is laying off 830 employees, or about 16 percent of its workforce.
