Many in the video game industry are blasting Epic Games CEO Tim Sweeney.
Earlier today, it was reported that Epic Games had cut 16% of its staff, which translates to about 870 employees. Reporting from Bloomberg's Jason Schreier indicates that Fall Guys developer Mediatonic"was hit very hard" by the layoffs, though the studio has not been shut down.
"While Fortnite is starting to grow again, the growth is driven primarily by creator content with significant revenue sharing, and this is a lower margin business than we had when Fortnite Battle Royale took off and began funding our expansion. Success with the creator ecosystem is a great achievement, but it means a major structural change to our economics."
"How can you screw up the Fortnite money? Well, huff your own aroma on building the metaverse, wage an unwinnable war on Steam, and enrage regulators with dark patterns to the tune of $250 million," wrote Giant Bomb's Jeff Grubb. Meanwhile, Paul Tassi of Forbes called out Epic's spending on legal fees in the company's batte with Apple. Epic Games broke the terms of its contract with Apple back in 2020, in a move that saw Fortnite removed from the App Store.
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