1 of 1
Story summary
- Epic Games will lay off over 1,000 employees to curb costs after a Fortnite engagement downturn.
- Tim Sweeney, CEO of Epic Games, says cuts are needed to keep the company funded.
- The company seeks over $500 million in savings from contracting and marketing.
- Epic Games is discontinuing Fortnite modes and raising V-Bucks prices to offset costs.
- Affected employees will receive severance of at least four months' pay and extended healthcare.
