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Epic Games sheds 830 people due to 'spending way more money than we earn'
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this post was submitted on 29 Sep 2023
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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.