Epic Games' Decade-Long Plan: Financial Resilience and Innovation
Epic Games Announces Future Plans
Just over a year ago, Epic Games laid off around 16 percent of its employees due to the high costs of its big ideas. CEO Tim Sweeney admitted that the company had been spending much more than it earned. However, at the Unreal Fest conference, he proudly announced that Epic is now financially sound.
Updates from Unreal Fest
- Unreal Engine Enhancements: Major updates showcased.
- Unreal Editor for Fortnite: New features and capabilities revealed.
- Epic Games Store: Improvements and increased offerings.
Sweeney emphasized that a key factor in achieving this financial stability was tightening spending. He noted that they were previously spending about a billion dollars more than earnings but that they are now spending slightly more than their income.
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