Epic Games to Lay Off 1,000 Staffers and Cut $500 Million in Costs Amid ‘Fortnite’ Downturn

By Jennifer Maas

Jennifer Maas

TV Business Writer

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Epic Games has confirmed plans to lay off just more than 1,000 staffers and cut $500 million in costs amid a downturn in engagement with the company’s signature gaming franchise “Fortnite.”

The cuts represent about 20% of Epic’s headcount. “The remaining number of Epic employees is just over 4,000 after today’s layoffs of just over 1,000,” a rep for the games company said.

Epic Games CEO Tim Sweeney disclosed the news in a memo to employees that was blunt about the company’s challenges.

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