Nah, acquisition layoffs come from when you’re shopping your company around, and there’s a deal on the table, but you need that extra 7% of profit. Sweeney would need to be shopping for that to happen. As it sits, they’d probably have to pay him a premium in their own stock to make it happen.
The entire tech and games sectors are shedding like fuck because everyone else is. You normally can’t drop 10% of your staff without pissing off the public and scaring investors, but when all the competitors are doing it, it’s just the market correcting. The investors are clamoring for this.
If Sweeney wanted to sell Epic he wouldn’t continue the legal battles with Apple, the storefront fight with Valve and he wouldn’t be laying off people to try and stay afloat. If you’re planning to sell you’re going to make the company look as strong as it has never looked before. You’d drop the moneysink lawsuit with Apple, the storefront fight with Steam and you’d stack the Fortnite calendar to have the highest engagement it has ever had and you’d be promoting the living shit out of Unreal engine (Either through some insane new feature or by announcing a new engine) and you’d release Alan Wake 2 on Steam to make the publishing side also look good. And just to be sure you’d throw out some potential new game ideas to show that you haven’t forgotten being a game dev. In short you’d have to show consistently good revenue and really great growth potential. If you want to good example how that looks like look at Bungie getting sold to Sony.
Nothing Sweeney is doing is indicating he’s planning on cashing out. If there’s going to be a sale it’s going to be out of desperation and I doubt Epic is in that dire of a state.
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: [email protected]
Welcome to the largest gaming community on Lemmy! Discussion for all kinds of games. Video games, tabletop games, card games etc.
Rules
1. Submissions have to be related to games
Video games, tabletop, or otherwise. Posts not related to games will be deleted.
This community is focused on games, of all kinds. Any news item or discussion should be related to gaming in some way.
2. No bigotry or harassment, be civil
No bigotry, hardline stance. Try not to get too heated when entering into a discussion or debate.
We are here to talk and discuss about one of our passions, not fight or be exposed to hate. Posts or responses that are hateful will be deleted to keep the atmosphere good. If repeatedly violated, not only will the comment be deleted but a ban will be handed out as well. We judge each case individually.
3. No excessive self-promotion
Try to keep it to 10% self-promotion / 90% other stuff in your post history.
This is to prevent people from posting for the sole purpose of promoting their own website or social media account.
4. Stay on-topic; no memes, funny videos, giveaways, reposts, or low-effort posts
This community is mostly for discussion and news. Remember to search for the thing you’re submitting before posting to see if it’s already been posted.
We want to keep the quality of posts high. Therefore, memes, funny videos, low-effort posts and reposts are not allowed. We prohibit giveaways because we cannot be sure that the person holding the giveaway will actually do what they promise.
5. Mark Spoilers and NSFW
Make sure to mark your stuff or it may be removed.
No one wants to be spoiled. Therefore, always mark spoilers. Similarly mark NSFW, in case anyone is browsing in a public space or at work.
6. No linking to piracy
Don’t share it here, there are other places to find it. Discussion of piracy is fine.
We don’t want us moderators or the admins of lemmy.world to get in trouble for linking to piracy. Therefore, any link to piracy will be removed. Discussion of it is of course allowed.
That would explain the 1000 people laid off. They could be preparing the terrain. Gotta keep the mouse growing amirite?
Nah, acquisition layoffs come from when you’re shopping your company around, and there’s a deal on the table, but you need that extra 7% of profit. Sweeney would need to be shopping for that to happen. As it sits, they’d probably have to pay him a premium in their own stock to make it happen.
The entire tech and games sectors are shedding like fuck because everyone else is. You normally can’t drop 10% of your staff without pissing off the public and scaring investors, but when all the competitors are doing it, it’s just the market correcting. The investors are clamoring for this.
If Sweeney wanted to sell Epic he wouldn’t continue the legal battles with Apple, the storefront fight with Valve and he wouldn’t be laying off people to try and stay afloat. If you’re planning to sell you’re going to make the company look as strong as it has never looked before. You’d drop the moneysink lawsuit with Apple, the storefront fight with Steam and you’d stack the Fortnite calendar to have the highest engagement it has ever had and you’d be promoting the living shit out of Unreal engine (Either through some insane new feature or by announcing a new engine) and you’d release Alan Wake 2 on Steam to make the publishing side also look good. And just to be sure you’d throw out some potential new game ideas to show that you haven’t forgotten being a game dev. In short you’d have to show consistently good revenue and really great growth potential. If you want to good example how that looks like look at Bungie getting sold to Sony.
Nothing Sweeney is doing is indicating he’s planning on cashing out. If there’s going to be a sale it’s going to be out of desperation and I doubt Epic is in that dire of a state.