The creator of Fortnite, Epic Games is laying off many of its employees after it looks like they’ve been spending more than receiving from their popular titles. The report comes from Jason Schreier of Bloomberg where he says Epic is laying off 870 employees which is about 16% of its workforce.
CEO of Epic Games, Tim Sweeney put out a long statement stating they’ll be divesting Bandcamp and spinning off most of SuperAwesome. He also provided the reason for these layoffs saying the following:
“For awhile now, we’ve been spending way more money than we earn, investing in the next evolution of Epic and Fortnite”