Epic Games is laying off more than 800 people

Fortnite and Unreal Engine maker Epic Games has confirmed that it is laying off approximately 830 employees, representing roughly 16% of Epic’s total workforce.

The layoffs were initially reported by Bloomberg, which said employees were informed of the layoffs via an internal memo, followed by an all-hands meeting. Staff being let go will be given six months of severance pay and health insurance, and accelerated stock vesting, meaning they’ll take ownership of shares in the company they’ve earned through their employment more quickly than normal.

Original Source Link

Related Articles

Back to top button