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Epic Games Lays Off 1,000, Will Cut $500 Million Amid 'Fortnite' Slump

Epic Games will lay off 1,000 staffers and another $500 million in costs amid a slump in engagement with 'Fortnite,' CEO Tim Sweeney confirmed in a memo. Epic Games has confirmed plans to lay off more than 1,000 staffers and cut $500 million in costs amid a downturn in engagement with the company’s signature free-to-play, online gaming franchise, “Fortnite.” The cuts represent about 20% of Epic’s head... [1206 chars]

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