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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 ...
Microsoft Gaming is the largest video game employer in the industry, followed by Ubisoft and Electronic Arts. Among the top 41 largest video game employers, ten are based in the United States , eight in Japan , five in China , three in France , South Korea , and Sweden respectively, two in Poland and the United Kingdom , and one each in Denmark ...
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.”
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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[1] [2] [3] He is also a co-owner of the NHL's Carolina Hurricanes. [4] Rein often gives assessments of the progress of his company and gives a monthly update in the magazine Game Developer where he also provides a updates on the state of the Unreal Engine. He resides in Raleigh, North Carolina, though he was raised in Toronto, Ontario, Canada. [5]
Two directors of Epic Games, who had been appointed by Chinese gaming and social media firm Tencent Holdings, resigned from Epic's board after the U.S. Justice Department's antitrust division ...