Fortnite Maker Epic Games Cuts About 1,000 Jobs Across Company
Bloomberg.com • • general
Key Points:
- Epic Games Inc. is laying off over 1,000 employees due to a decline in engagement with its online game Fortnite over the past year.
- CEO Tim Sweeney cited that the company is spending significantly more than it is earning, necessitating major cost-cutting measures.
- The layoffs, combined with more than $500 million in cost savings from reductions in contracting, marketing, and open roles, aim to stabilize the company's financial position.
