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Epos Gaming to 'wind down' but all employees have already lost their jobs (www.pcgamer.com)

submitted 2 years ago by ylai@lemmy.ml to c/gaming@lemmy.ml

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[–] Carighan@lemmy.world 4 points 2 years ago

I'll be honest, I had never even heard the name. Neither of the company, nor of any of their products. Still sucks for the employees of course, the current downturn is huge and as it accelerates and more and more investors pull out, the money the C-suites care about disappears and they panic even more about their bonuses so they fire and shutter even harder.

The made-up money that is the stock market can sadly have very real effects on employees' livelihoods. :( But of course not on the CEOs who happily cash their 6-/7-digit base salary and then just fuck off to the next company they can drive into the ground.