Video game company based in the United States Epic GamesIt was learned that , will part ways with approximately 16 percent of its employees. In the statement made by the company, it was stated that 850 employees will be dismissed. This move indicates a significant personnel decrease for Epic Games, which has approximately 5,500 employees. Additionally, the company will divest its online music platform Bandcamp.
Epic Games Will Say Goodbye to 850 Employees, Projects Will Be Disrupted!
Epic Games bids farewell to nearly a thousand employees, Games developed by the company It will also cause disruption in some parts of the country. Making a statement on the subject, Jason Schreier made the following remarkable statements:
“Owner of Epic Games by Mediatonic (Fall Guys) “While it is true that the company has been hit hard by today’s mass layoffs, claims or rumors that the entire studio has been closed are not true.” Additionally, it is among the information that Epic Games will dispose of the online music platform Bandcamp.
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Why Does Epic Games Dismiss Its Employees?
The large-scale layoff move from Epic Games had a great impact in the gaming industry. Game industry workers, Employees of Epic Games While he does not find it right to part ways with the company, it is stated that the company came to such a decision because it was affected by the situation of the global economy.
Federal Reserve Bank of America FED’s inflation in the USA The interest rate increase cycle, which has been continuing for 2 years in order to prevent this, is causing a tightening on a global scale. The tightening in monetary policy makes it difficult for companies to access cheap loans. This situation causes companies to resort to savings measures.
One of the first methods that companies use in saving measures is to reduce the number of personnel. Epic Games By following the same method; It seems that it has chosen to reduce the number of personnel during the period of global financial tightening. The company is not the first company to make layoffs in the gaming industry. Many companies have recently parted ways with thousands of employees in total.
About Epic Games
Epic Games, based in the state of North Carolina in the United States of America; It was founded in 1991 by Tim Sweeney and Mark Rein. Since then, he has served as CEO Tim Sweeney the company he maintains; It is among the rare companies that have left 30 years behind in the gaming industry.
Gears of War, Fortnite and Unreal Epic Games, the developer of many globally famous games such as; It is also one of the important companies that has made a name for itself in the gaming industry with the game engine it developed, Unreal Engine.