Like so many tech companies, Epic Games grew aggressively at the start of the 2020s and then suddenly declared that it had made a mistake. The Fortnite and Unreal Engine maker cut over 800 jobs last year and maimed and sold off Bandcamp, a website it had purchased just a year earlier.
"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," Epic CEO Tim Sweeney said at the time. "I had long been optimistic that we could power through this transition without layoffs, but in retrospect I see that this was unrealistic."
