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Epic Games, a prominent player in the gaming industry, has announced plans to lay off over 1,000 employees in response to a substantial decrease in the usage of its popular game, Fortnite. CEO Tim Sweeney addressed the company’s financial challenges, citing an imbalance between expenditures and revenue since the game’s popularity started waning in 2025.
Sweeney stated that the layoffs, coupled with cost-saving strategies exceeding $500 million through cuts in contracting, marketing, and leaving positions vacant, are essential measures to streamline operations and enhance financial stability.
Source: Tech-Economic Times