Did Unrealistic Metaverse Expectations Force Epic Games to Cut Jobs? 🧑🏻‍🏭

Epic Games, known for #Fortnite , cut 16% of its staff (830 employees) due to overspending driven by unrealistic metaverse-inspired revenue hopes.

CEO Tim Sweeney cited major economic shifts, admitting that #layoffs were necessary to stabilize finances. The success of the Fortnite Creator program contributed to growth but led to lower margins.

The company also announced the sale of Bandcamp and spinning off #SuperAwesome , resulting in another 250 job cuts.

Departing employees will receive six months of pay, with healthcare benefits for those in select countries. This move came despite Epic Games' notable products, including Fortnite and the Unreal Engine.

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⭐️ #Nike collabed with #Fortnite

So far, there is only a teaser of their hunt for Airphoria #NFTs sneakers. What will be unknown, but you can expect either a full-fledged drop, or gamification and quests.

#Fortnite and #MultiverseX $EGLD did a
partnership over the weekend
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margin available and enter trades slowly
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#Nike's web3 platform logo appears in a brief promotional film.Along with the Unreal Engine and #Fortnite game logos, #SWOOSH is displayed.

The massively popular online game Fortnite from Epic Games may soon receive a new set of sneakers #nonfungible tokens, according to a hint from the #footwear and clothing company Nike.

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switching to $EGLD because they did a
partnership over the weekend with
#Fortnite
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