Epic Games to Cut Over 1,000 Jobs Amid Fortnite Engagement Decline

AI Summary

Epic Games announced it will cut more than 1,000 jobs following a decline in engagement for its flagship title, Fortnite. This is part of a strategy expected to save over $500 million through reduced contracting and marketing expenditures. The gaming industry has faced a slowdown in growth as consumers gravitate towards established titles amidst economic uncertainty. Additionally, this marks the second major layoff for Epic in three years, following a cut of about 830 jobs in September 2023.