Epic Games Trims Workforce by 16% Due to Unrealistic Metaverse Revenue Projections

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Epic Games Trims Workforce by 16% Due to Unrealistic Metaverse Revenue Projections
Epic Games, the creator of Battle Royale Smash, Fortnite, is cutting off approximately 830 staff, or 16% of its workforce, as it looks to reduce its costs and create a viable financial ecosystem for the company. On Thursday, CEO Tim Sweeney confirmed this in a memo later in a blog post. He attributed the cause to be due to overspending “ way more than they earn” and their unrealistic expectations from metaverse-inspired revenue. ... Read More: Epic Games Trims Workforce by 16% Due to Unrealistic Metaverse Revenue Projections
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KyberSwap Hacked for $48 Million, Hackers ...

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Source: KyberSwap KyberSwap, a decentralized exchange, has been compromised in a hack resulting in the theft of $48 million, prompting the platform to advise users to withdraw their funds while the attackers hint at entering negotiations. On-chain data indicates that the hack on KyberSwap resulted in significant losses of $48 million across several blockchain networks, The post KyberSwap Hacked for $48 Million, Hackers Suggest Negotiations appeared first on Cryptonews.

XRP Price Prediction as XRP Trading Volume...

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The XRP price has risen by 0.5% in the past hour, with its jump to $0.502420 coming as the altcoin’s 24-hour trading volume almost doubles that of its nearest rival in terms of market cap, BNB. XRP is now 0.5% down in a week but 4.5% up in the last 14 days, with the token […]

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