Earlier this week, Epic Games revealed a hike in Fortnite V-Bucks prices and announced a significant 16% workforce reduction. Here's everything you need to know.
It may not be the most favorable news, but it's a reality: Fortnite V-Bucks prices have experienced a significant increase.
Regrettably, the unfavorable developments don't end there, as Epic Games has made the announcement of a significant workforce reduction, affecting approximately 16% of its workforce, which translates to about 900 employees.
In this article, we will delve into the specifics of these developments.
Fortnite V-Bucks Price Increase
Fortnite V-Bucks constitute a crucial component of Epic Games' overall revenue, and pricing adjustments have been introduced in various regions.
Epic Games is implementing price increases for its most valuable in-game currency, driven by various factors, including economic conditions in different regions.
Although the absolute price modification might appear relatively minor, the percentage increase is noteworthy.
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Commencing on October 27, these price adjustments will have an impact on several regions, encompassing the Czech Republic, Denmark, countries within the Eurozone, Japan, Norway, Poland, Romania, Sweden, Turkey, Hungary, and the United States of America.
16% Workforce Layoff at Epic Games
Inflation hasn't just impacted the cost of Fortnite V-Bucks; it has also taken a toll on Epic Games' workforce, resulting in the layoff of nearly 900 employees.
These layoffs are indicative of a significant setback, even in an industry where downsizing has become more common due to economic challenges.
In addition to the employee layoffs, Epic Games has decided to sell the music site Bandcamp to the marketing company Songtradr and to spin out the marketing firm SuperAwesome, allowing it to operate as an independent entity.
Fortunately, affected employees will receive a severance package, which includes six months of base pay and, in the US, Canada, and Brazil, six months of Epic-paid healthcare coverage.
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