Epic Games lay off 16 % of staff

Epic Games, creator of Fortnite and Unreal Engine, is laying off 16 % of its staff (or 830 people) to become profitable again. According to company founder and CEO Tim Sweeney it is mostly outside of core bets.

It’s been a while since a high profile company did a larger layoff and there’s been chatter, e.g. Saleforce, that technology companies are starting to hire again. The future remains uncertain.

Author: Henrik Torstensson

Partner at Alliance VC. Investing in Nordic early-stage tech startups.

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