Illustration: Alex Castro / The Verge
Bloomberg reports that Fortnite developer Epic Games is expected to lay off 16 percent of its workforce.
In a statement from Tim Sweeney, Epic has confirmed the layoffs will impact around 830 employees. He wrote that the company intends to divest from Bandcamp — an independent music storefront company Epic acquired just last year — and spin off SuperAwesome, a “kid-tech” company that specializes in creating safe online experiences for kids. He also explains that the layoffs are a result of the company “spending way more money than we earn.” Notably, Sweeney does not apologize to his employees for making the business decisions that have resulted in the disruption of over 800 lives, saying only that his “optimism” that such spending would…