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
- Topic: Player Engagement
- Game: Unreal Engine
- Company: Epic Games
- Topic: Layoffs
- Game: Fortnite
- Company: Circana
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