Epic Games Cuts 1,000 Jobs and $500M in Costs Amid Fortnite Slump
Epic Games will lay off more than 1,000 employees (about 20% of its workforce) and cut $500 million in costs as Fortnite engagement downturns, starting in 2025. CEO Tim Sweeney said the moves are needed to keep the company funded amid industry headwinds, with prior layoffs in 2023 and a Disney investment in 2024 shaping the context.