Epic Games Lays Off Over 1,000 Employees, Citing Fortnite Slump
The New York Times • • general
Key Points:
- Epic Games announced layoffs of over 1,000 employees, representing about 20 percent of its workforce, due to a decline in Fortnite player engagement.
- CEO Tim Sweeney attributed the layoffs to reduced Fortnite playtime starting in 2025, which has caused the company to spend more than it earns.
- The company plans to implement over $500 million in cost savings through layoffs, reduced contracting, marketing cuts, and closing open roles to stabilize finances.
