After releasing the Wii U, Nintendo was in big financial trouble. They would need something truly special to help revitalize the company, and hopefully Nintendo Switch would be that answer.
After laying off numerous employees, Tim Sweeney, the company’s founder and CEO, sent an email about the situation. The 52-year-old businessman clarified why the layoffs happened and even shed some light on the future of Fortnite.
Good on them doing this at least.
“we’re offering a severance package that includes six months base pay and in the US/Canada/Brazil six months of Epic-paid healthcare. We’re offering to accelerate people’s stock option vesting schedule through the end of 2024 and are giving two additional years from today to exercise the options. In the US we’re also offering to vest any unearned profit sharing from their 401k. And we’ll provide benefits including career transition services and visa support where we can.”
Would be "too much" for us, but probably it's "not enough" for the greedy bastard...
Epic makes way too much money to have to lay people off of the spent that money smartly. Tim wasted money on exclusives for their store when it could have gone to paychecks for people.
Epic put all their eggs in one basket with fortnite, they should have continued with the development of unreal tournament and got that game going as an arena shooter that's free to play with a huge cosmetic cash shop.
But your CEO knows what their doing.... laying off people so the board doesn't see exactly how much you stuck. The usual playbook.
Remedy’s Sam Lake describes the work involved
I know.
It's the style of gameplay that I like due to how much I played MP1 and mostly 3.
Max Payne 3 is very underrated.
I've been planning to do a second run of the game for quite a while ...
The multiplayer part was also infamous for being surprisingly really good, but was overlooked by many
Would love a remake of that as well but by R* themselves using their own RAGE engine, to have a nice contrast against Remedy's Northlight engine project. :)
I adore these games, they ooze atmosphere. I hope they are fantastic.
I wish Remedy would have done Max Payne 3, Rockstar had some amazing gun play in them but the story was just not as good. It's like they were working on a new IP and slapped Max Payne onto it, only the flashback levels felt like Max Payne. Also they went of the ending where Mona died which sucked.
I wouldn't mind if one day they did their own Max Payne 3
I liked the story tbh. I mean the main plot did feel very disconnected from 1 and 2 but I really liked Max's character development tbh
the switch saved Nintendo after that wiiu disaster and nvidia
nvidia shield tablet was a failure but Nintendo walked in and purchased them all so nvidia also walked away rich.
https://www.pocket-lint.com...
One thing you didn't mention in your video was despite the Wii U's failure, Nintendo had a "war chest" of 10.5 BILLION in actual, liquid cash in the bank. They had enough cash to run a deficit of 257 million dollars for 38 straight years before it would run out. And that's just cash. That's not even factoring in the worth of their total assets. Thats why I would laugh anytime people suggested that Nintendo might go the way of Sega and become a 3rd party publisher. Despite the failure of the Wii U, Nintendo's financial situation compared to Sega's was light-years apart.
How can someone be this misinformed in their own field of expertise? The comment by Raider Nation makes me not want to consume this content.