Epic Video games is reducing greater than 1,000 jobs as utilization of its flagship title, Fortnite, falls. “The layoffs aren’t associated to AI,” CEO Tim Sweeney famous. Reuters stories: The cuts, together with greater than $500 million in financial savings from decrease contracting and advertising and marketing spending and unfilled roles would put the corporate in “a extra steady place,” Sweeney mentioned in a observe to workers. […]
“We have had challenges delivering constant Fortnite magic,” Sweeney mentioned, including “market circumstances at this time are probably the most excessive” for the reason that early days of the corporate based in 1991.
The transfer marks Epic’s second main spherical of layoffs in three years. In September 2023, the corporate reduce about 830 jobs, or roughly 16% of its workforce. It was not instantly clear what share of workers could be impacted by Tuesday’s announcement.
