Epic Games Is Laying Off over 800 Employees as It Faces the Challenges of Transitioning Over to “A Metaverse-Inspired Ecosystem”

[Peter_Brosdahl]

Epic Games is laying off roughly sixteen percent of its staff, or 830 employees, per an announcement from CEO Tim Sweeney. An email was sent to staff, followed by a public announcement, that Epic Games has, so far, failed to meet its expectations of investing in transitioning Fortnite into "a metaverse-inspired ecosystem". Sweeney said that while creator content is growing its revenue share is a lesser margin than EG had with Battle Royale and thus a structural change is needed.

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[Zarathustra]

Couldn't happen to a better company.

Oh, and **** the "metaverse".

Never before has an entire industry gone so all in on a concept practically no one wants.

Just give it a few years and we will be seeing them all exiting "the metaverse". Suck a bullshit made up term.

 

[Grimlakin]

I don't even know what the **** the metaverse is supposed to be at this point.

 

[MadMummy76]

I for one am glad that the metaverse is as big a success as NFTs.

Had they called the metaverse what it really is: a persistent online virtual reality, it would probably be mildly more successful than with using the buzzword.

 

[Peter_Brosdahl]

All I know about the metaverse is that it's another place I don't need to be in.

 

[Brian_B]

I for one am glad that the metaverse is as big a success as NFTs.

Had they called the metaverse what it really is: a persistent online virtual reality, it would probably be mildly more successful than with using the buzzword.

I remember when we just called them MMOs