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For continued development, Sweeney sought out a business partner for Epic MegaGames, eventually coming to Mark Rein, who had just been let go from id Software. Rein helped with growing and managing the company; due to the company's growth, Sweeney did not end up getting his degree, short by one credit. [2]
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.”
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 ...
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 ...
Michael V. Capps or Mike Capps is an American video game designer who was the president of Epic Games, based in Cary, North Carolina from 2002 to 2012. [1] In 2018, he co-founded a new artificial intelligence company called Howso. [2]
Tim Sweeney had started the company from the basement of his parents’ house in Potomac, Maryland, at age 20, initially calling it Potomac Computer Systems, then Epic MegaGames, before settling ...
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