Epic Games is laying off roughly 900 employees: Report
The Hindu
“Fortnite” maker Epic Games is laying off about 900 employees, or 16% of its staff.
"Fortnite" maker Epic Games is laying off about 900 employees, or 16% of its staff, Bloomberg News reported on Thursday.
The videogame industry is struggling with a slowdown in spending as inflation-weary gamers become more selective in picking popular titles.
The job cuts were announced in a memo to staff, the report said, citing people familiar with the matter. Epic Games could not immediately be reached for comment.
Legacy videogame publishers have also been fighting for top spots with new entrants like Warner Bros Discovery, whose "Harry Potter"-based game "Hogwarts Legacy" was a major hit.
(For top technology news of the day, subscribe to our tech newsletter Today’s Cache)
Epic has been in a legal battle with Apple since 2020, when the gaming firm alleged that Apple's practice of charging up to 30% commissions on in-app payments on iPhones and other devices violated U.S. antitrust rules.
Apple on Thursday asked the US Supreme Court to strike down an order requiring changes to its App Store rules stemming from the antitrust case.
The Opposition Congress demanded that the government open the Gandhi Vatika Museum, depicting Mahatma Gandhi’s legacy and freedom struggle, built at a cost of ₹85 crore in Jaipur’s Central Park last year, during the Congress-led regime in Rajasthan. The museum has not been opened to the public, reportedly because of the administration’s engagements with the State Assembly and Lok Sabha elections.
Almaya Munnettam (Lay People to the Fore), group in the Ernakulam-Angamaly Archdiocese of the Syro-Malabar Church opposed to the synod-recommended Mass, rejected a circular issued by Major Archbishop Raphael Thattil and apostolic administrator Bosco Puthur on June 9 to implement the unified Mass in the archdiocese from July 3.
Pakistan coach Gary Kirsten stated that “not so great decision making” contributed to his side’s defeat to India in the Group-A T20 World Cup clash here on Sunday. The batting unit came apart in the chase, after being well placed at 72 for two. With 48 runs needed from eight overs, Pakistan found a way to panic and lose. “Maybe not so great decision making,” Kirsten said at the post-match press conference, when asked to explain the loss.