Altcoins News
By Jean-Luc Maracon
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Sweeney Denies AI Role. Sweeney made one thing crystal clear during the announcement - artificial intelligence didn't…
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Fortnite's Fading Appeal. Fortnite's player engagement has been dropping for months, industry watchers say.
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Epic Games fired more than 1,000 workers this week. The gaming giant behind Fortnite made the cuts after seeing fewer people play its biggest moneymaker, sources said Wednesday.
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CEO Tim Sweeney broke the news to staff late Wednesday in what employees described as a tense company-wide meeting.
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Some employees who got laid off said they received severance packages, though details remain murky.
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The layoffs come just days after Epic posted disappointing quarterly numbers. Revenue fell harder than expected, with in-game purchases down across the board.
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Fortnite's player engagement has been dropping for months, industry watchers say. The battle royale game that once dominated social media and gaming streams doesn't pull the same…
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Epic won't say exactly how many people play Fortnite these days. The company stopped releasing detailed user metrics last year, which made some investors nervous.
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The company's trying to revive interest with new features and updates, but Sweeney didn't share specifics about what's coming.
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Epic's situation mirrors what's happening across the tech industry. Microsoft, Google, and other big companies have all announced layoffs recently, citing economic pressures and…
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The gaming company is also known for its Unreal Engine, which other developers use to build games.
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Industry analysts are watching Epic's next moves closely. Some think the company should focus more on Unreal Engine and less on trying to recapture Fortnite's peak popularity.
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Several laid-off employees took to social media to express frustration about the cuts. They worried about how losing so many people might hurt Epic's creative culture and…
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Rumors surfaced March 22 about Epic talking to independent developers about potential partnerships.
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Competitors like Activision Blizzard and Electronic Arts are probably studying Epic's situation carefully.
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