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On September 28, 2023, Epic Games announced a layoff affecting 16% of its workforce, or around 830 employees. The news was initially reported by Bloomberg before Epic Games published its internal memo online. CEO Tim Sweeney explained in an email to staff that the decision was due to the company's ongoing financial situation, stating that they ...
Epic Games, Inc. is an American video game and software developer and publisher based in Cary, North Carolina.The company was founded by Tim Sweeney as Potomac Computer Systems in 1991, originally located in his parents' house in Potomac, Maryland.
In an internal memo, CEO Tim Sweeney told employees he had hoped to avoid layoffs “but in retrospect I see that this was unrealistic.”
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Epic Games, the prominent private video game maker in Cary, hasn’t always kept its valuation a secret. When the company raised $1.78 billion in the summer of 2020, it publicized its new $17.3 ...
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The Epic Games Store is a video game digital distribution service and storefront operated by Epic Games. It launched in December 2018 as a software client, for Microsoft Windows and macOS, and online storefront. Android and iOS versions of the store launched in August 2024, with the iOS version only available for European users.
A few months before the company’s game jam in the summer of 2011, a Gears designer named Lee Perry had begun to outline a game he code-named Fortress. ... Epic Games was a major studio in ...