Epic Games cuts 1,000+ jobs as ‘Fortnite’ slows

Epic Games, the publisher of Fortnite, said Tuesday it is laying off about 1,000 employees, roughly 20% of its workforce, amid industry-wide challenges such as slower growth and weaker spending.

The company said the cuts are not related to AI but reflect tougher market conditions and its ongoing return to mobile after legal battles with Apple and Google.

The company last carried out large-scale layoffs in 2023, cutting 830 jobs, or about 16% of its workforce at the time. It was valued at over $30 billion as of 2024.