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

Epic Games to cut over 1,000 jobs due to a decline in Fortnite usage, a move to reduce spending and save $500 million. The company's president, Tim Sweeney, stated that they are spending more than they are earning and need to make drastic cuts to keep the company running. Fortnite has seen a decline in engagement, even for successful games, as the pandemic-era growth has slowed. Other game developers, such as Electronic Arts and Amazon, have also cut jobs and faced challenges in the industry.