SlimeGooGoo
Party Gooper
Oops tripou post.
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Epic Games, the maker of Fortnite and Unreal Engine, is laying off a whopping 16% of employees (or around 900 people)
- Thread starter Thick Thighs Save Lives
- Start date
- News Game Dev
\m/etalStorm
Member
Unreal Engine, Unreal Marketplace, Megagrants, Quixel etc. are amazing. And Epic has done a lot for Indie Devs, more than any other company around.
I hope they stop trying to be Roblox and refocus. As for the Epic Store, they have good intentions, but it's much harder than expected.
Now that Fortnite "Metaverse Creator economy" is ridiculous. Amateurish meme levels make more money than the Epic employees who made it possible.
It's like the biggest crap swims at the top of the slurry.
I hope they stop trying to be Roblox and refocus. As for the Epic Store, they have good intentions, but it's much harder than expected.
Now that Fortnite "Metaverse Creator economy" is ridiculous. Amateurish meme levels make more money than the Epic employees who made it possible.
It's like the biggest crap swims at the top of the slurry.
BennyBlanco
aka IMurRIVAL69
I’m going to laugh my head off when FFXVI is an EGS exclusive and Square wonders why it flops
HoofHearted
Member
yeesh - Fortnite is finally going to die?
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StreetsofBeige
Gold Member
But short term SE gets to cheer “ya!!! Big payout from Epic!” Lol
BennyBlanco
aka IMurRIVAL69
Yup. I bet the majority of PC gamers don’t even know Kingdom Hearts PC ports exist.
Bojji
Member
Finally trimming the obligatory diversity hires i see
Corporate America Promised to Hire a Lot More People of Color. It Actually Did.
In the year following the Black Lives Matter protests, S&P 100 companies added more diverse workforces.
www.bloomberg.com
So they hired 6% of white people while they are 71% in entire population
Bradamante3D
Member
The Epic v Apple trial not going the way Sweeney hoped for?
DeepSpace5D
Member
Dang, feel bad for Mediatonic. The wife loves Fall Guys.
BbMajor7th
Member
Like Rumbleverse, you mean?
Mibu no ookami
Member
Layoffs are happening across tech. Their eyes were bigger than their stomachs and the cost of maintaining so many employees is staggering especially when the revenue isn't coming in.
With interest rates up, you can't simply finance through this, and cash is getting tight.
Laying off 900 people... with salaries and benefits, you're probably saving at least 150-200 million dollars annually...
Killjoy-NL
Member
They shouldn't have cancelled Paragon, or pick it up again somewhere along the line.
KaiserBecks
Member
Lord Gaben prevails.
Mibu no ookami
Member
I was thinking this might be a precursor for Tim selling. A massive decision for a privately held company. He could have easily staggered this and the 6 months of severance somewhat defeats the purpose of this. I wonder how accurate that reporting is. Maybe it's up to 6 months* rather than across the board.
That being said I don't think Sony would be the buyer here. If Sony got Tim's shares, that would put them at 55% ownership, but they'd still need to buy out Tencent and Kirkbi. Tencent buying would make more sense there. Going further, I don't think Sony could afford to buy Epic, at least not at their last 3% which cost them a billion... that would value the company as a whole at over 33 billion dollars. Surely that would have come down considerably post-pandemic highs, but you're still looking at 20+ billion dollars.
Barakov
Gold Member
The upside here is that maybe now companies will stop trying to ape that game's art style.
Mibu no ookami
Member
I mean obviously, it didn't right, but that doesn't mean he was wrong to pursue litigation.
Ultimately, Epic is small peanuts compared to Apple and it was an uphill battle, but had Epic won here, their revenues would have skyrocketed decoupling from the Apple App Store.
Denton
Member
One would think that Sweeney - unironically brilliant programmer - would have done the math as to his Fortnite/Unreal income versus his EGS/lawsuits moneypits, and make sure to only throw money into those pits if he brings in more than he throws away.
But somehow that didn't happen. What the fuck is wrong with you Tim?
But, credit where it's due, 6 month severance is fantastic. If I was one of those affected, I wouldn't mind at all. Would took a year vacation and with Epic on my resume, getting new job would be a breeze.
But somehow that didn't happen. What the fuck is wrong with you Tim?
But, credit where it's due, 6 month severance is fantastic. If I was one of those affected, I wouldn't mind at all. Would took a year vacation and with Epic on my resume, getting new job would be a breeze.
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Pejo
Member
Fuckin' Sweeney.
I have to admit this made me laugh, picturing GabeN just sitting back and laughing, after Sweeney pumped out millions of exclusivity bucks, with probably like 85% of those games now on Steam anyways.
Lord Gaben prevails.
Nitty_Grimes
Made a crappy phPBB forum once ... once.
Meanwhile in a parallel universe...
www.wired.com
Stay classy with your over inflated salary and healthy bonus Tim.
Nintendo Chief Takes 50% Pay Cut After 3DS Markdown
Nintendo’s president and board of directors have volunteered to take substantial pay cuts in the wake of the Nintendo 3DS markdown, company president Satoru Iwata said at an investors briefing on Friday. Iwata’s salary, reported last year to be around $770,000, will be cut by 50 percent. Iwata...
Stay classy with your over inflated salary and healthy bonus Tim.
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Panajev2001a
GAF's Pleasant Genius
Maybe he believes in what he is doing and don’t we respect people with skin in the game / clearly not only looking for profit more than if they have a greedy angle (aka profitable angle, which you say he does not) more? Shouldn’t we?
Yeah, quite nice there.
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CuteFaceJay
Member
They have a lot of Dev's that assist studios that take up their tech kinda like as consultants on how to best use the tools to get what they want from it. so I can expect high staff count given UE is used by most of the industry at this point.
mansoor1980
Gold Member
too many nanites
Interfectum
Member
Even more recently:Meanwhile in a parallel universe...
Nintendo Chief Takes 50% Pay Cut After 3DS Markdown
Nintendo’s president and board of directors have volunteered to take substantial pay cuts in the wake of the Nintendo 3DS markdown, company president Satoru Iwata said at an investors briefing on Friday. Iwata’s salary, reported last year to be around $770,000, will be cut by 50 percent. Iwata...
Stay classy with your over inflated salary and healthy bonus Tim.
Nintendo responds to falling profits with 10% raise for Japanese staff
Move contrasts with widespread layoffs in Western tech companies
www.polygon.com
![L*][*N*K](/data/avatars/m/842/842515.jpg?1696510303){kind=avatar}
L*][*N*K
Banned
Pretty much, this is what the reality of those mega popular games are, you have to keep feeding it content and game content none stop.
I hope those people would find meaningful jobs in the industry soon.
Thick Thighs Save Lives
Gold Member
The dumbass tweet in question
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Danny Dudekisser
I paid good money for this Dynex!
Man, that's really shitty. Particularly jarring given that I'm good friends with a fair number of people who work at Epic, but it's especially stupid given that Epic's pretty damn innocuous as far as gaming companies go. They're not EA or Unity or Activision - what actual quarrel could this asshole have with them?
ResurrectedContrarian
Suffers with mild autism
The Guy Fawkes mask has become so incredibly lame now. I don't see much rebellion in these little hacks like "be nice to laid off developers at a company that makes its fortunes shoveling free-to-play trash onto children." Okay, thanks corporate-friendly Guy, where would we be without your dangerous minions of be-nice guys. Same with "anonymous" which clearly is more of a psyop than a real hacker group at this point.
I absolutely associate Epic with the destruction of gaming. The trashy free-to-play model lives off of kids paying $10 a pop on their parents cards to buy skins for the celebrity of the week. The whole thing is a trashy and cynical approach, and if these companies ceased to exist the sheer amount of waste in gaming would clear up so much that we'd all instantly breathe easier, live leaving a smog filled city.
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Gambit2483
Member
These companies are making millions and millions especially off predatory mtxs yet "sorry we can't afford to pay you"??
This industry is headed for a crash if game devs don't feel its a worthwhile industry to work in
This industry is headed for a crash if game devs don't feel its a worthwhile industry to work in
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Thick Thighs Save Lives
Gold Member
Gamezone
Gold Member
So I guess employees are being laid off because Epic keep spending money on EGS exclusives and free games. And they can't really pull the plug on this store, because they have invested too heavily into it. There are also less exclusive games than before, and the quality of the free games they offer are now pretty weak.