"The downturn in Fortnite engagement that started in 2025 means we're spending significantly more than we're making, and we have to make major cuts to keep the company funded."
"This layoff, together with over $500 million of identified cost savings in contracting, marketing, and closing some open roles puts us in a more stable place."
"The cost of running Fortnite has gone up a lot."
"Laid-off employees will get four months of severance pay, with more for people with longer tenures."
Epic Games is laying off 1,000 employees as a response to a significant downturn in Fortnite engagement that began in 2025. CEO Tim Sweeney stated that the company is spending more than it earns, necessitating major cuts for financial stability. Alongside layoffs, Epic has identified over $500 million in cost savings. The price of V-Bucks has also increased due to rising operational costs. Laid-off employees will receive four months of severance and continued healthcare coverage for six months.
Read at TechCrunch
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