Recent industry news doing the rounds is from Epic Games, who yesterday publicly shared an email that was sent by Tim Sweeney about laying off 16% of the company.
Honestly, I’ll bet it truly doesn’t. Lots of places are laying off lots of workers right now, and Epic spent money like there’s no tomorrow (and now it’s tomorrow).
Honestly, I’ll bet it truly doesn’t. Lots of places are laying off lots of workers right now, and Epic spent money like there’s no tomorrow (and now it’s tomorrow).
True, but the timing is extremely suspect. They could have laid them off at any time in the past weeks or months.
It may be a coincidence, but when it comes to corporations and their bottom line, there are rarely coincidences.
The non-coincidence is that we’re at the end of September, the end of a fiscal quarter and historically the worst month of the year for stocks.