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Epic Games Slashes 1,000+ Jobs as Fortnite Slump Triggers Cost-Cutting Push

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Source: Gizmodo
Epic Games Slashes 1,000+ Jobs as Fortnite Slump Triggers Cost-Cutting Push
Photo: Gizmodo
TL;DR

Epic Games says it is laying off more than 1,000 employees and pursuing over $500 million in cost savings due to a slowdown in Fortnite engagement and broader industry headwinds, including weaker consumer spending and increased competition. CEO Tim Sweeney emphasizes the layoffs are not AI-related, and the company will focus on building “awesome Fortnite experiences” with new content and live events while winding down some modes; the moves come as Epic seeks stability and mobile strategy shifts after Fortnite’s return to Apple’s App Store and Google Play.

Topics:top-newsbusiness#ai#business#cost-savings#epic-games#fortnite#layoffs
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  1. Epic Games Laying Off 1,000+ Employees, Swears AI Is Not to Blame  Gizmodo
  2. Today’s layoffs  Epic Games
  3. Epic Games cuts 1,000 jobs as Fortnite 'magic' fades in 'extreme' market conditions  Fox Business
  4. Cary-based Epic Games to cut 1,000 jobs, seek $500 million in savings as Fortnite slows  WRAL
  5. Fortnite-maker Epic Games lays off 1,000 more staff  BBC

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