Bloomberg Reporter Jason Schreier Posts "Epic Games, The Maker Of Fortnite And Unreal Engine, Is Laying Off A Whopping 16% Of Employees (Or Around 900 People), Sources Tell Bloomberg News. More To Come"
Portfolio Pulse from Benzinga Newsdesk
Epic Games, the creator of Fortnite and Unreal Engine, is reportedly laying off 16% of its workforce, which equates to around 900 employees, according to Bloomberg News.
September 28, 2023 | 2:56 pm
News sentiment analysis
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POSITIVE IMPACT
Activision Blizzard may benefit from Epic Games' layoffs as it could potentially hire some of the laid-off employees.
Activision Blizzard, being in the same industry, could potentially benefit from Epic Games' layoffs by hiring some of the laid-off employees, thereby strengthening its workforce.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 30
POSITIVE IMPACT
Take-Two Interactive may benefit from Epic Games' layoffs as it could potentially hire some of the laid-off employees.
Take-Two Interactive, being in the same industry, could potentially benefit from Epic Games' layoffs by hiring some of the laid-off employees, thereby strengthening its workforce.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 30
NEUTRAL IMPACT
Apple may see a minor impact as Epic Games is a major player in the gaming industry and its layoffs could affect the gaming ecosystem.
Epic Games is a significant player in the gaming industry, and its layoffs could potentially affect the gaming ecosystem. However, as Apple is a diversified company, the impact is expected to be minor.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 20
NEUTRAL IMPACT
Microsoft may see a minor impact as Epic Games is a major player in the gaming industry and its layoffs could affect the gaming ecosystem.
Epic Games is a significant player in the gaming industry, and its layoffs could potentially affect the gaming ecosystem. However, as Microsoft is a diversified company, the impact is expected to be minor.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 20
NEUTRAL IMPACT
Nintendo may see a minor impact as Epic Games is a major player in the gaming industry and its layoffs could affect the gaming ecosystem.
Epic Games is a significant player in the gaming industry, and its layoffs could potentially affect the gaming ecosystem. However, as Nintendo is a diversified company, the impact is expected to be minor.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 20
NEUTRAL IMPACT
Sony may see a minor impact as Epic Games is a major player in the gaming industry and its layoffs could affect the gaming ecosystem.
Epic Games is a significant player in the gaming industry, and its layoffs could potentially affect the gaming ecosystem. However, as Sony is a diversified company, the impact is expected to be minor.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 20