Epic Games Announces Workforce Reduction (830 people)
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Undying
There are also earning 5% from developers using their engine if the game is successful.
Airbud
Six months of severance pay with insurance....at least they didn't fire them and flip them the bird.
https://media.tenor.com/CXJvEXidjkgAAAAC/bird-parrot.gif
Horus-Anhur
True. That is a very good severance package.
Other companies would just give a kick in the butt and a bag of peanuts.
aufkrawall2
That's a ~13% increase, probably not impertinent in comparison to price increases of some soup powder brands.
But ofc the lay-offs suck, I guess they increased their personnel stock too fast. At least it should look good in people's résumés.
Maybe they've also reached a state with Unreal that the same work can be done by less people. Hope they won't turn into a crunch company (no idea if they are already).
Ghosty
Isn't that what Elon Musk did at Twitter?
Conan The Barbarian
Not at all.
Horus-Anhur
Please don't turn this into a "Musk" thread.
aufkrawall2
You probably have fewer benefits when working for Tesla than when being fired by Epic.
XenthorX
They bought companies left and right, spent way more than they were earning, they seperated from Bandcamp and SuperAwesome as well.
H83
It seems huge profits are never enough for these giant companies...
aufkrawall2
Were they? Latest gross profit figures I'm able to find are 2021's $1.19 billion. Would be very unusual if this has turned into a net loss by now already.
user1
it is true that epic was effectively subsidizing developers with their reduced fees compared to steam and exclusivity agreements, how much that actually cost them is hard to say.
This move feels more like epic has reached market saturation and gutting/price hikes are now the best strategies to increase profitability.
AuerX
6 months pay and benefits for 900 people is not really an act of greed or a sign of financial chaos within a company.
Feels more like a restructuring/re-focusing move.
Either way, a decent way of letting people go.
Alessio1989
why the hell did they wasted money with Bandcamp?
Airbud
He removed the hot tub and sauna...so they quit.
They just couldn't work under those conditions.
rflair
Moderator
As AI becomes more prevalent there will be layoffs in the 1000's across all tech industry jobs.
Even though this Epic thing may have nothing to do with that, AI will decimate the human jobs in the tech industry first.
KissSh0t
https://i.imgur.com/Hw2g1jD.gif
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Lol'd
https://i.imgur.com/gQPd7r4.jpg
Airbud
Also robotics+AI in manufacturing.
https://media.licdn.com/dms/image/C5612AQH8U71ynhirIw/article-inline_image-shrink_400_744/0/1629109210015?e=1700092800&v=beta&t=DWEGtfkEkzPv0xZvW2pvjozo-y3vX-E-4_GFwxJSi98
Added bonus: a robot doesn't b**** about personal problems....
GlassGR
im not surprised ,i play 2h a day fortnite ,never payed anything to epic store .
I got some great games for free that i actually spent time to complete and enjoyed the time spent.
on the other hand i bought all 3 starcraft 2 episodes when released ,when the final chapter was released blizzard decided to turn the game to a free to play .
stupidity went to the roof and i stopped playing a game that i loved and payed for it.
in the end everyone will be a microsoft employee, microsoft knows how to get your money :P
Alessio1989
if the so called AI cannot do a task like basic binaray math like I asked yesterday to a bot, well those jobs will soon get restored.
