Nintendo briefed Call of Duty maker Activision on its upcoming hardware in December 2022.
"Closer alignment" to PS4 and Xbox One.
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.”
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
Thought I had read somewhere that it might be close to Xbox Series X and PS5 in terms of visuals. That it had been shown running that Matrix Unreal 5 demo. If it's closer to Xbox One and PS4 then that's extremely disappointing already.
I wouldn't mind having a handheld with PS4 fidelity.
nintendo holding back the progress of the industry as per usual