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Epic Games lays off more than 1,000 employees: 'We're spending significantly more than we're…
Epic Games has laid off over 1,000 employees due to ongoing financial challenges, with CEO Tim Sweeney citing a significant spending deficit and a slump in Fortnite engagement since 2025. Sweeney mentioned that while some issues are industry-wide, others are specific to Epic's struggles in consistently delivering engaging Fortnite seasons.
Epic Games Has Laid Off Over 1,000 Employees
Epic Games has laid off over 1,000 employees due to a significant drop in Fortnite engagement since 2025, leading to the company spending more than it earns. CEO Tim Sweeney stated the layoffs are necessary to keep the company funded and are not related to AI. The company plans to focus on improving Fortnite experiences and advancing its Unreal Engine technology.
Epic Games lays off 1000 devs thanks to Fortnite’s slump and Epic Games Store overspending
Epic Games has laid off over 1000 employees due to a downturn in Fortnite engagement and overspending on the Epic Games Store. CEO Tim Sweeney cited industry-wide challenges and internal issues, while confirming severance packages for affected staff. Several Fortnite modes are also being discontinued.
Epic Games just laid off over 1,000 people
Epic Games CEO Tim Sweeney announced that over 1,000 employees are being laid off due to a significant downturn in Fortnite engagement starting in 2025, leading to the company spending more than it makes. These layoffs are not related to AI development, and the company is implementing cost-saving measures across various departments. Affected employees will receive severance packages, extended healthcare, and accelerated stock options.
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.
GreedFall and Blood Bowl Developers File for Insolvency Alongside Nacon
Nacon's development studios Cyanide and Spiders have filed for insolvency, following the publisher's own financial difficulties. Other Nacon subsidiaries, including Nacon Tech and Kylotonn, have also filed for insolvency. Insolvency means a company is unable to pay its debts, but does not necessarily mean immediate closure.
Cyanide, Spiders, And Kylotonn File For Insolvency As Nacon Troubles Deepen
Nacon and its development studios Cyanide, Spiders, and Kylotonn have filed for insolvency, impacting around 320 employees. Judicial reorganization proceedings have commenced, with a potential for successful recovery.
MMO Week in Review: EverQuest celebrates 27 years and a lawsuit settlement in its favor
EverQuest celebrated its 27th anniversary with a lawsuit settlement that favors Daybreak Game Company, keeping emulators offline. This week also saw layoffs at Amazon for Lost Ark developers, Facebook scaling back VR metaverse ambitions, and discussions around various MMORPG updates and industry trends.
Microsoft Loses Corporate VP and Xbox General Manager of Gaming AI
Microsoft has seen several senior departures from its Xbox division, including corporate VP Lori Wright and general manager of gaming AI Haiyan Zhang. Zhang is joining Netflix to focus on its gaming initiatives, while Wright's future plans are unannounced. These exits follow recent changes in Xbox leadership, including the retirement of Phil Spencer and departure of Sarah Bond.
Business and Finance
CD Projekt reported a 9% increase in sales for 2025, primarily driven by the success of its Cyberpunk franchise. The company's financial performance saw a significant boost from its ongoing engagement with the Cyberpunk intellectual property.
Two more senior Xbox leaders exit Microsoft
Two senior leaders, corporate VP Lori Wright and general manager of gaming AI Haiyan Zhang, have departed Microsoft after over a decade of service. Zhang will be joining Netflix's gaming team, while Wright's next steps are unannounced. These exits follow recent leadership changes at Xbox, including the retirement of Phil Spencer and the departure of Sarah Bond.
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Eldegarde to Cease Operations After Only Two Months of Service - GameHaunt
The MMORPG Eldegarde will permanently cease operations on May 31, 2026, just three and a half months after its February 17, 2026 launch. Developer Stormbreak Studios cited unsustainable server costs and unfixable engine issues as the reasons for the shutdown. The game struggled with daily crashes and performance problems, leading to a high cost per player that the small player base could not support.
10 Richest Icons of Rock and the Careers That Made Them Millions
This article ranks the 10 richest rock stars, detailing how they amassed their fortunes through music, tours, merchandise, endorsements, and investments. Paul McCartney leads the list with $1.3 billion, followed by Bruce Springsteen with $1.1 billion, and Elton John with $650 million.
Balatro publisher Playstack has a 'hit ratio' of more than 85 percent
Playstack, the publisher behind the successful game Balatro, has achieved a 'hit ratio' of over 85 percent, indicating most of its published titles have generated positive returns. The company's parent, TruFin, reported significant growth in profit before tax for 2025, with Playstack's catalog grossing over $100 million on Steam alone. Balatro itself sold over 5 million units by January 2025 and contributed to record sales for Playstack.
Business and Finance
Paramount's Ted Sarandos is reportedly creating a narrative around Warner Bros. facing regulatory challenges. This suggests potential business or financial hurdles for Warner Bros. that are being highlighted.
Subnautica 2 lawsuit chancellor orders Krafton to reinstate OG Unknown Worlds boss Ted Gill
A Delaware judge has ordered Krafton to reinstate Ted Gill, former CEO of Unknown Worlds, as part of ongoing litigation concerning the development of Subnautica 2. The court found that Krafton's termination of Gill and other executives was a pretext to avoid paying a bonus for the game's timely delivery, despite Krafton's claims of incompetence and trade secret theft.
Raw Fury boss Pim Holfve is the new CEO of Combined Effect
Combined Effect, the parent company of Raw Fury, has appointed Pim Holfve as its new CEO. Holfve, who also serves as CEO of Raw Fury, will continue to oversee the indie publisher while expanding his leadership remit. He aims to transform Combined Effect into an enabler for indie success, fostering collaboration among its studios and publishers.
Pokémon Pokopia review – collectible creatures create their own perfect world | The Guardian
Pokémon Pokopia, a new spin-off game from Nintendo, has achieved significant commercial success, selling over 2.2 million copies in its first four days. This surge in sales has positively impacted Nintendo's market capitalization, adding billions of dollars to the company's value and generating buzz for the upcoming Switch 2.
Business and Finance
Game developers are reacting to Valve's statements regarding profit margins on Steam. Additionally, GameStop has announced the release date for its fourth-quarter and fiscal year 2025 financial results.