"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."
"Despite Fortnite remaining one of the most successful games in the world, we've had challenges delivering consistent Fortnite magic with every season."
"The cost of running Fortnite has gone up a lot and we're raising prices to help pay the bills."
"Today's layoffs are not related to AI. Impacted employees will receive a severance package with four months pay and six months of paid healthcare for US-based workers."
Epic Games is cutting more than 1,000 jobs as CEO Tim Sweeney cites a downturn in Fortnite engagement. This follows a previous reduction of over 800 roles in 2023. Sweeney attributes the layoffs to industry-wide issues like increased competition and reduced consumer spending, while also acknowledging specific challenges with Fortnite. Despite its success, the game has struggled to maintain consistent quality. A price hike for V-bucks indicates rising operational costs. The layoffs are part of a broader trend in the live-service gaming sector, which has seen significant job losses recently.
Read at The Verge
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