Disney’s $1.5 Billion Epic Games Bet Gets Complicated After Major Layoffs
Reading Time: 3 minutesDisney’s landmark investment in Epic Games is facing its first real test. Epic CEO Tim Sweeney has sent a memo to employees confirming layoffs of more than 1,000 people, citing a significant drop in Fortnite engagement and a company that has been “spending significantly more than we’re making.” For Disney, which committed $1.5 billion to…