Someone would buy it up cheap and keep it going.
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Epic Games Lays Off Over 800 Employees as Apple Legal Battle Drags On
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Well, the rights to it would probably get sold off in bankruptcy proceedings. It’s a significant corporate asset of theirs, after all.
So the money went from the pocket of 830 hard working people into the pockets of highly paid attorneys. The first person that should have been shown the door is the cringe CEO.
The schadenfreude is strong here for sure, but I'm kind of tired of this trend of putting two things in one article and implying they're related.
They're embroiled in lawsuits. They laid people off. The article doesn't say one caused the other because there's no evidence of it. They haven't sold on iOS for years, and they've been in court for years. Unless they need a suddenly much larger budget for their long shot SCOTUS effort, this doesn't explain the sudden redundancy of 800 people.
It's bad form to put things next to each other trying to imply a relationship if you're not going to do the work of establishing one.
They're embroiled in lawsuits. They laid people off. The article doesn't say one caused the other because there's no evidence of it. They haven't sold on iOS for years, and they've been in court for years. Unless they need a suddenly much larger budget for their long shot SCOTUS effort, this doesn't explain the sudden redundancy of 800 people.
It's bad form to put things next to each other trying to imply a relationship if you're not going to do the work of establishing one.
So, that explains letting go of one well trained software engineer... The other 799?
When suing becomes your business model, the only ones that lose are the employees. And the employees were suckers for drinking the Kool-Aid.
Leaving the App Store was stupid, 70% of billions is still billions.
Putting the fault on Apple for their unsustainable business model and making their own employees take the hit for it? Well done, corporate idiots.
This guy us a scumbag, its just a simple money grab. Greed. He wants to sell something in someones store and not kick back. Doing this for developers, bull ****.
Surprised the investors have tolerated the CEO for this long to be perfectly honest
Exactly.... IMHO, these 800+ employees were sacrificed on the altar of Tim Sweeney's personal vendetta with Apple over having their store that works like it does.
If I was a stockholder with Epic and able to vote, I'd definitely vote for this guy's removal. Realistically, even if he got what he originally was after (getting to share content on the App Store without paying a cut), how much would he really stand to save vs the cost of this legal battle and lost sales in the meantime? It's just a stupid hill to pick to die on.
The number people who lose their job does not factor into whether the CEO is a success or not. Stock price. Earnings. Market cap. None of the incentives line up with the wellbeing of the work force.
Edit, hilarious... a mod removed part of this for being "political".... for talking about labor negotiations in a thread about corporate layoffs. Maybe the whole article should have been posted in the political section, then eh?
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Right! I’m going to go into my nearest Walmart pick an isle throw out whatever products are being sold there and put my product there instead. If Walmart says hey you have to pay for that shelf space im going to say f u Walmart! I don’t care about your overhead expenses to provide this wonderful platform to sell my stuff!….this whole Epic nonsense is absurd.
Which mostly had to do with companies that overhired in the pandemic including hiring people they had no work for just to keep competition from hiring them (and most ending up still with net positive employment numbers 2019-2023) and have already mostly stabilized (see: https://techcrunch.com/2023/09/26/tech-layoffs-are-all-but-a-thing-of-the-past/)
There are always going to be layoffs in tech, hell, IBM basically does a "re-org" and layoff like every other year, but employment numbers are pretty stable in tech right now. I'll grant you that game companies are still laying off at large rates though (and will have more layoffs on the tech side if the game actors or writers strike - gotta make sure the money's available for the CEO's new yacht!).
That said epic's layoffs are pretty much purely a problem of their own making
Sorry to everyone losing their jobs, but at least six months severance and healthcare is pretty good.
yeah, that's solid severance
Then everyone makes their app free, but with an in-app add-on to make it functional.
I've got a great idea that will save Epic! Why doesn't Epic Games charge 20 cents for each game install just like Unity was going to do! <sarcasm> 