CPG - Console & PC Gaming
  • Home
  • News
  • PC
  • PS5
  • Xbox
  • Switch
  • Mobile
  • Reviews
  • Esports
  • Guides
    • Gray Zone WarfareNew
      • Artisan
      • Banshee
      • Gunny
      • Handshake
      • Lab Rat
      • Turncoat
    • Escape From TarkovNew
      • Jaeger
      • Mechanic
        • Gunsmith
      • Peacekeeper
      • Prapor
      • Ragman
      • Skier
      • Therapist
No Result
View All Result
CPG - Console & PC Gaming
  • Home
  • News
  • PC
  • PS5
  • Xbox
  • Switch
  • Mobile
  • Reviews
  • Esports
  • Guides
    • Gray Zone WarfareNew
      • Artisan
      • Banshee
      • Gunny
      • Handshake
      • Lab Rat
      • Turncoat
    • Escape From TarkovNew
      • Jaeger
      • Mechanic
        • Gunsmith
      • Peacekeeper
      • Prapor
      • Ragman
      • Skier
      • Therapist
No Result
View All Result
CPG - Console & PC Gaming
No Result
View All Result
Home News

Epic Games Announces Layoffs and Corporate Changes Amid Industry Struggles

Margarita Kicevski by Margarita Kicevski
September 28, 2023
in News
0

Epic Games, the renowned developer behind blockbuster titles like Fortnite and the Unreal Engine, has confirmed laying off 16% of its workforce, equivalent to 870 employees. This news is another setback for the gaming industry, which has already experienced many layoffs throughout 2023. Alongside the releases, Epic Games is divesting some recent acquisitions and changing its executive leadership.

In an internal email, CEO Tim Sweeney disclosed that the company has been “spending way more money than we earn.” Bloomberg journalist Jason Schreier also reported this information on X. One of the key factors contributing to this financial burden has been the less profitable margins from Fortnite Creator compared to the original Fortnite game. Despite these economic challenges, the company is still recruiting for open positions and has no further layoffs planned.

MORE: Epic boss Tim Sweeney says in email to staff:
– "For a while now, we've been spending way more money than we earn"
– Fortnite Creator profit margins not as big as Fortnite was
– 870 jobs eliminated, but Epic is still hiring
– No more layoffs plannedhttps://t.co/BK1oVRgCba

— Jason Schreier (@jasonschreier) September 28, 2023

To tighten its operational focus, Epic Games is divesting two companies it had previously acquired: music platform Bandcamp, which was bought just last year, and marketing firm Songtradr. Additionally, marketing company SuperAwesome will be spun off to operate independently. These strategic changes aim to streamline operations and recenter the company’s core business objectives.

Earlier this month, the company announced that Donald Mustard would be stepping down as the Chief Creative Officer of Epic Games. He will be replaced by industry veteran Charlie Wen, known for his prior work on the God of War series and various Marvel projects. This shift in leadership could indicate a new operational direction for the company during these challenging times.

Tags: Epic Games
ShareTweet
Previous Post

Sea of Thieves Patch 2.8.6 Now Available, Notes and more

Next Post

Minecraft Dungeons Celebrates 25 Million Players

Margarita Kicevski

Margarita Kicevski

My job is similar to Angel's, focus on news and updates, even though most of my work is taking care of two little devils. I am here to cover when most needed, and try to deliver the best I can. It's my fault pushing Angel to reboot ConsolePCGaming.com Wish me luck <3.

RELATEDPOSTS

News

Fortnite’s Squid Game tools let creators build their own islands and mini games

August 26, 2025
News

Fortnite Update 37.10 Brings Gorillaz to Festival

August 26, 2025
News

Fortnite Fan Compiles Fixes for Over 350 Bugs in OG Season 5, Offers Epic a Helping Hand

August 17, 2025
Mobile

Fortnite Surprise Update 4.79 Fixes Crashes and Bugs on August 14

August 14, 2025
News

Are Mythic Items in Fortnite Too Powerful?

August 11, 2025
Mobile

Fortnite Dataminers Reveal Pets Are Returning as Upgraded Companions

August 8, 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest

Battlestate Games shares results from the in-game Survey about the Flea Market

January 30, 2025

Escape From Tarkov 2025 Roadmap Revealed, Full Release Finally Confirmed

April 18, 2025 - Updated on July 18, 2025
Tarkov patch 0.15

Escape From Tarkov reveals the 0.15 trailer before wipe

August 14, 2024

Minecraft Update 1.21.21 Patch Notes for August 14/15

August 14, 2024

Escape From Tarkov Best Graphics Settings – Updated With Patch 0.15.5

Escape From Tarkov: How to Snipe Flea Market Items Easily?

CoD: Warzone Season 2 Update Fixes Plenty of Bugs

MW2 and Warzone 2.0 Season 3 is full of Bugs and Issues, Upcoming Fixes and more

Elden Ring Nightreign gains Deep of Night high-difficulty mode arriving September 11

August 29, 2025

Blizzard confirms Spell Density Bug in World of Warcraft 11.2, Fix is Coming

August 28, 2025

Dota 2 Update – 8/28/2025 Adds Yakutou Brothers Team Supporter’s Club Bundle

August 28, 2025

Call of Duty Black Ops 7 Beta Dates: Early Access on October 2nd, Open Beta October 5th-8th

August 28, 2025

CPGPATCH NOTES

News

Dota 2 Update – 8/28/2025 Adds Yakutou Brothers Team Supporter’s Club Bundle

by Margarita Kicevski
August 28, 2025
Patch Notes

Last Epoch Hotfix 1.3.1 full patch notes and fixes

by Mihaela Kicevski
August 28, 2025
News

Madden NFL 26’s First Title Update Fixes Some Bugs but Leaves Core Problems Alone

by Angel Kicevski
August 28, 2025

About Us

We are CPG - Console & PC Gaming, an independent, family-run website providing fresh news, updates, reviews, interviews, guides, and other bits and pieces from the gaming industry.

Read more

  • About
  • Privacy Policy
  • Contact

© 2024 CPG - Console & PC Gaming

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • PC
  • PS5
  • Xbox
  • Switch
  • Mobile
  • Reviews
  • Esports
  • Guides
    • Gray Zone Warfare
      • Artisan
      • Banshee
      • Gunny
      • Handshake
      • Lab Rat
      • Turncoat
    • Escape From Tarkov
      • Jaeger
      • Mechanic
      • Peacekeeper
      • Prapor
      • Ragman
      • Skier
      • Therapist

© 2024 CPG - Console & PC Gaming