Top news of the week: 04.10.2023.
Analysis: How Epic Games' grandiose ambitions led to mass layoffs
Despite multiple companies investing billions into Epic Games, years of overspending and chasing ambitious models have led to mass layoffs at the company.
Epic Games Cuts Almost 900 Jobs In Video Game Industry's Latest Mass Layoff
Epic is laying off or losing about 16% of its workforce.
This Week In XR: Meta Quest 3, AI Chatbots, New RayBans, Amazon Invests Billions In Anthropic AI
Dramatic layoffs at Fortnite maker Epic Games amidst Metaverse downturn.
Minecraft bans Bitcoin P2E, iPhone 15 & crypto gaming, Formula E: Web3 Gamer
iPhone 15 Pro for Web3 gaming, Microsoft interrupts Bitcoin on Minecraft, Formula re-enters Web3, Ultra Arena interview and more.
Epic Games lays off 900, partially due to Fortnite's "creator-driven" shift
The game industry's wave of layoffs continues with Epic Games, which is reducing 900 staffers from its overall workforce.
Game On! The Top 10 Video Game Trends In 2024
Uncover the future of the $350 billion video game industry in 2024, exploring the rise of generative AI, the evolving landscape of on-demand gaming and a resurgence of AR
Songtradr acquiring Bandcamp from Epic Games
"Bandcamp will join a team of music industry veterans and artists who have deep expertise in music licensing, composition, rights management, and distribution," Songtradr CEO Paul Wiltshire ...
2023 Layoff Tracker: Epic Games Cutting 900 Employees
Layoffs continue apace after more than 136,000 employees were cut by major U.S. companies in the first quarter of 2023.