Epic Games lays off over 1000 employees, blames declining interest in Fortnite

Epic Games has laid off over 1000 employees, citing a significant downturn in Fortnite engagement and financial losses. CEO Tim Sweeney stated that the company is spending more than it earns, necessitating these cuts and other cost-saving measures. Concurrently, Epic announced the shutdown of several Fortnite modes, including Rocket Racing and Festival Battle Stage, due to a failure to attract and retain a large player base.

▸ entities in this article

GAME Unreal Engine
COMPANY Epic Games
GAME Fortnite
COMPANY Circana