Epic Lays Off Over 1000 Employees Due to "Downturn in Fortnite Engagement"
Epic Games has laid off over 1000 employees due to a significant downturn in Fortnite engagement and spending, leading the company to spend more than it earns. CEO Tim Sweeney cited industry-wide challenges and specific issues with Fortnite's seasonal content as reasons for the cuts. In conjunction with the layoffs, Epic is also reducing costs in contracting and marketing, and some Fortnite game modes will be taken offline.
- Entities
- Topic: Business
- Company: Epic Games
- Game: Fortnite
- Topic: Game Development
- Person: Tim Sweeney
- Game: Fortnite Festival
- Game: Rocket Racing
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