Epic Games is cutting over 1,000 jobs across the company. This decision follows a decline in user engagement for Fortnite. CEO Tim Sweeney stated the company is spending significantly more than it earns. Industry-wide challenges also contribute to the financial situation. The layoffs are part of broader cost reductions exceeding $500 million.
Cary, North Carolina
https://www.carolinajournal.com/cary-based-epic-games-cuts-20-of-employees-after-fortnite-slump/