by Michael
Epic Games, the maker of Fortnite, said on Thursday that it will lay off 16% of its staff, around 830 employees, as it attempts to reverse what CEO Tim Sweeney called “unrealistic” spending.
In a letter to employees Thursday, Sweeney said the video game company had been “spending way more money than we earn, investing in the next evolution of Epic.”
“I had long been optimistic that we could power through this transition without layoffs, but in retrospect I see that this was unrealistic,” Sweeney said in the letter, which the company shared publicly.
If even Epic Games is struggling now, what does that say about the overall state of our economy?
I am so concerned about where things are headed in the months ahead.
A major economic downturn is looming, the most chaotic presidential election in our history will happen next year, and we are already witnessing widespread rioting and looting all over the nation.
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