Even in the middle of a harsh crypto winter, and after “epic” layoffs (see what I did there), Epic Games CEO said in an interview that he still believes in the metaverse. Is he just a fool, or a diehard believer that his company Epic Games could be just what the metaverse needs?
Just last week the company laid off 16% of their workforce leaving 830 employees with pink slips. This comes as it’s been reported Epic Games is valued at roughly $32 Billion as of 2022, and in 2023 has a new profit of $1.19 billion in 2021, they had $5.76 billion in revenue in 2021, and their Founder and CEO Tim Sweeney had a net worth of $7.4 billion as of Q3 2022.
Despite layoffs, Epic Games CEO still believes in the metaverse. But should he?