Epic is laying off about 16 percent of its employees, roughly 830 workers, according to a copy of an email sent to staff by chief executive Tim Sweeney.
"I had long been optimistic that we could power through this transition without layoffs, but in retrospect I see that this was unrealistic." "Success with the creator ecosystem is a great achievement, but it means a major structural change to our economics," said Sweeney, who founded the company in the 1990s.
"Some of our products and initiatives will land on schedule, and some may not ship when planned because they are under-resourced for the time being," Sweeney said.
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Source: latimes - 🏆 11. / 82 Read more »