Epic Games, the company known for the game Fortnite, recently announced hundreds of layoffs after the company has been facing consistent financial challenges, and the company’s expenditures have far outweighed its revenue. Over 800 Epic Games employees will lose their jobs, and this will reduce the company’s workforce by around 16%. Epic Games will also sell various company technologies that focus on audio and digital media, including Bandcamp and SuperAwesome. The company has attempted to cut costs throughout this past year and was hoping to not have to lay off any workers, but the company’s financial deficit was too large that it could not retain all of its employees. Epic Games is providing workers affected by layoffs with severance packages, six more months of employee healthcare, career transition services, and flexibility regarding employee stock options.
See "The video game company responsible for Fortnite, Epic Games, set to layoff hundreds of workers", Jamiese Pierce, ABC 11, September 28, 2023