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Epic Games laying off 16% of staff, divesting from assets including Bandcamp, and generally hemorrhaging money (nitter.net)

submitted 2 years ago* (last edited 2 years ago) by [email protected] to c/[email protected]

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That feeling when you race to the bottom only to eventually... arrive at the bottom.

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[–] [email protected] 3 points 2 years ago (9 children)

The heck is going on, youd think theyd be making bank now with Unity driving out so many developers.

[–] [email protected] 6 points 2 years ago (5 children)

They've been doing pretty much everything wrong except Unreal and that one time they got lucky with a failed-game-turned-BR-giant.

Imagine having 2 money printing machines and still being unable to come out with anything good.

[–] [email protected] 1 points 2 years ago (4 children)

Can i get some specifics?

[–] [email protected] 2 points 2 years ago

They cancelled a bunch of games like Paragon and Unreal tournament to feed the Fortnite machine, abandoned the main Fortnite mode they had already sold and then started funneling money at the epic store.

The epic store at this point has been such a huge loss, exclusivity deals alone are worth millions and not even those managed to get them a user base.

A company with Fortnite's and Unreal's income should not be struggling to make a profit.

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