‘Fortnite' Maker Epic Games Laying Off 1,000 Workers, Citing Engagement Downturn

Video game publisher Epic Games is laying off 1,000 workers, citing a drop in engagement with its signature title, Fortnite. In a memo to employees (read it in full below), CEO Tim Sweeney noted that the cuts are “unrelated to AI.” He said the layoffs will be paired with $500 million in cost savings from contracting marketing and “closing some open roles.” Sweeney said the moves are being prompted by simple mathematics. “We’re spending more than we’re making, and we have to make major cuts to keep the com ...