Over the previous few years, Epic Video games has been one of many largest success tales within the trade. The large reputation of Fortnite modified all the gaming panorama, establishing the blueprint for a profitable “dwell service” title. The profitability of Fortnite allowed Epic to do issues like launch the Epic Video games Retailer with higher revenue sharing for publishers, push quite a lot of cutting-edge new expertise with Unreal Engine 5, and extra. Sadly, it appears Epic’s run of unfettered success could have hit a velocity bump.
Based on Bloomberg’s Jason Schreier, Epic is shedding over 900 staff, or round 16 p.c of its complete workforce. Even in at the moment’s local weather, the place tech-related layoffs are more and more frequent, that’s a fairly critical blow. Per Schreier, ex-Epic staff will obtain 6 months of severance pay and continued well being advantages. Why Epic has opted for these layouts isn’t totally clear, though an inside Epic hands-on assembly must be taking place quickly, and particulars will doubtless leak.
NEWS: Epic Video games, the maker of Fortnite and Unreal Engine, is shedding a whopping 16% of staff (or round 900 individuals), sources inform Bloomberg Information. Extra to come back
— Jason Schreier (@jasonschreier) September 28, 2023
In what’s doubtless a associated transfer, Epic has additionally introduced they’re elevating the worth of their most dependable supply of revenue – Fortnite V-Bucks. These value will increase will have an effect on the USA, Czech Republic, Denmark, different Eurozone international locations, Hungary, Japan, Norway, Poland, Romania, Sweden, and Turkey. Costs had been already not too long ago went up in Canada, the UK, and Mexico. The US costs for V-Buck bundles will now be as follows…
- 1,000 V-Bucks for $8.99 (at the moment $7.99)
- 2,800 V-Bucks for $22.99 (at the moment $19.99)
- 5,000 V-bucks for $36.99 (at the moment $31.99)
- 13,500 V-bucks for $89.99 (at the moment $79.99)
It is not an enormous value hike, however once more, the timing alongside these layoffs feels significant. Personally, I’ve at all times thought Epic’s method, the place they’re very beneficiant with their engines, retailer, ect. and make it up with Fortnite was sort of constructed on sand. No recreation, not even the mighty Fortnite, goes to be a assured goldmine without end, significantly throughout a doable recession. In fact, that is simply hypothesis on my half as we nonetheless don’t have quite a lot of specifics on the Epic layoffs.
What do you suppose? What do you suppose is the reason for these Epic layoffs? Might the corporate be in longer-term bother?