Epic Games has announced that it is laying off around 830 employees – around 16% of the company’s total workforce – and splitting off recent acquisitions, with Epic CEO Tim Sweeney admitting that they have been “spending way more money than we earn.”
Immortals of Aveum Studio Lays Off 45 Percent of its Employees
15.09.2023 - 01:29 / gamingbolt.com / Bret Robbins / Of Its / Lays Off
Developer Ascendant Studios—which recently released Immortals of Aveum—has announced that it is laying off around 45 percent of its team. Studio CEO Bret Robbins made the announcement over social media platform X, calling it a difficult but necessary decision.
“Today, we are heartbroken as we part ways with friends and colleagues at Ascendant Studios – about 45% of our team,” reads the statement by Robbins. “This was a painfully difficult, but necessary decision that was not made lightly; nevertheless, we have to make this adjustment now that Immortals of Aveum has shipped.”
While Robbins has stated that the layoffs have affected almost half the team, the CEO hasn’t revealed the concrete number of employees that have been let go from the studio.
Immortals of Aveum was released on PC and consoles back in August, and has since seen updates and fixes that focus on making improvements to graphics on consoles. An update from earlier this month focused on improving FPS drops and stuttering on the Xbox Series S version of the game.
For more details on Immortals of Aveum, check out our review. And in case you’re wondering, we were also curious about what happened with the game leading up to its release.
pic.twitter.com/gftU3XlbFZ
— Bret Robbins (@BretRobbins) <a href=«https://twitter.com/BretRobbins/status/1702397324755083719?ref_src=» https:>September 14, 2023
The website gametalkz.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
Top Authors
Popular Topics
pushsquare.com
30.09.2023 / 00:54
Epic Games Laying Off Almost 900 Employees, Fall Guys Dev Hit Hard | Push Square
Fortnite developer Epic Games is set to lay off 870 employees as it seeks to lower costs, a Bloomberg report reveals. In a memo sent to workers earlier today, chief executive officer Tim Sweeney said the company had been spending a lot more money than it was earning for quite some time. He said: «I had long been optimistic that we could power through this transition without layoffs, but in retrospect I see this was unrealistic.»
thesixthaxis.com
29.09.2023 / 10:21
Epic lays off 830 employees after “spending way more money than we earn”
Epic Games has announced that it is laying off around 830 employees – around 16% of the company’s total workforce – and splitting off recent acquisitions, with Epic CEO Tim Sweeney admitting that they have been “spending way more money than we earn.”
gamingbolt.com
29.09.2023 / 05:43
Epic Games is Laying off Nearly 900 Employees
2023 has sadly been a year that has seen widespread layoffs across the games industry, and another major company has now joined that list. As per a report published by Bloomberg, Epic Games of Fortnite and Unreal Engine fame is laying off 16% of its workforce, which translates to a whopping 870 employees.
gameinformer.com
28.09.2023 / 19:09
Epic Games Lays Off Over 800 Employees
Epic Games has announced it is laying off roughly 16 percent of its workforce, resulting in around 830 employees losing their jobs.
pcmag.com
28.09.2023 / 17:59
Epic Games Lays Off 16% of Employees, Raises Price of Fortnite V-Bucks
There are two pieces of bad news coming out of Epic Games this week: the company is laying off hundreds of employees and making it more expensive to purchase Fortnite V-Bucks.
techradar.com
28.09.2023 / 17:07
Fortnite developer Epic Games is laying off over 800 employees
It’s been revealed that the Fortnite developer Epic Games is laying off 16% of its workforce. Around 830 employees will be affected.
eurogamer.net
28.09.2023 / 16:51
Epic Games is reportedly laying off around 900 employees
UPDATE 4.54pm: Epic has confirmed reports of widespread layoffs at the company, saying the move will affect «around 830 employees», with approximately two-thirds of those job cuts said to be in teams «outside of core development».
thegamer.com
28.09.2023 / 16:15
Epic Games Is Laying Off Nearly 900 Employees
Epic Games, the developers of Fortnite and Unreal Engine, is reportedly laying off nearly 900 employees, which accounts for around 16 percent of its entire workforce.
wccftech.com
28.09.2023 / 15:49
Fortnite V-Buck Prices Increase as Epic Games Lays Off Nearly 1000 Employees
Over the past few years, Epic Games has been one of the biggest success stories in the industry. The massive popularity of Fortnite changed the entire gaming landscape, establishing the blueprint for a successful “live service” title. The profitability of Fortnite allowed Epic to do things like launch the Epic Games Store with better profit sharing for publishers, push a lot of cutting-edge new technology with Unreal Engine 5, and more. Unfortunately, it seems Epic’s run of unfettered success may have hit a speed bump.
rockpapershotgun.com
20.09.2023 / 18:25
Embracer lays off devs at Mythforce studio, just days after the release of its cartoony co-op FPS
Less than 18 months after it acquired Baldur’s Gate: Enhanced Edition and Mythforce developers Beamdog, Embracer Group has reportedly laid off more than two dozen staff at the studio. Mere days after the release of its nostalgic co-op shooter, no less.
gamesindustry.biz
19.09.2023 / 16:41
Beamdog lays off 26 employees
Canadian-based developer Beamdog has laid off 26 staff, former employees have reported.