Cuts come despite billions in investment in Epic in the last two years.
Sweeney said two-thirds of the cuts are outside the company's core businesses and said Epic will focus on more Fortnite content and projects codenamed: Del Mar, Sparks and Juno.Sweeney blamed the cuts on unrealistic growth expectations at the privately held company.
"For a while now, we've been spending way more money than we earn, investing in the next evolution of Epic and growing Fortnite as a metaverse-inspired ecosystem for creators. "I had long been optimistic that we could power through this transition without layoffs, but in retrospect I see that this was unrealistic."Epic seldom releases monthly active user stats, but Fortnite remains one of the world's most played games according to store rankings on game consoles.
Its game creation technology, the Unreal Engine, is one of the most widely used in the industry, behind just below rival Unity, which itselfthat lets Fortnite users create new experiences in the game, as it pursues a Roblox-style model of enticing users to create the content that will entertain the rest of its audience., Fortnite's in-game currency, due to inflation, among other factors. 2,800 V-Bucks will cost $22.99 starting in October, up from $19.99.
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