Team 17's CEO is out as publisher begins restructuring
Profit and loss
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The winds of change seem to be blowing over Epic. Big layoffs last week and now the boss of the Epic Games Store has quit.
After buying Bandcamp 18 months ago, Epic Games has sold it to Songtradr, a music marketing company, for an undisclosed sum. The sale follows the news of Epic Games laying off 830 employees which was announced by the company’s CEO Tim Sweeny in a letter that reads in part, ”As we shared ...
Most of the job cuts – about two-thirds – impact teams outside of core development units. In fact, Epic is not cutting any core businesses. The labor...
Epic Games is offering third-party developers 100 percent of revenue for six months, in exchange for game exclusivity o…