Fortnite steadfast Epic Games said Tuesday it is laying disconnected 1,000 employees to prevention wealth arsenic it grapples with industry-wide and company-specific challenges
ByBARBARA ORTUTAY AP exertion writer
Fortnite steadfast Epic Games said Tuesday it is laying disconnected 1,000 employees to prevention wealth arsenic it grapples with industry-wide and company-specific challenges.
The Cary, North Carolina-based video crippled steadfast said successful a memo to employees that the occupation cuts are not related to artificial intelligence. Rather, they stem from industry-wide challenges specified arsenic slower growth, weaker spending and tougher outgo economics. Games similar Fortnite are besides competing for people’s attraction against societal media and different forms of online entertainment.
In addition, Epic said it's had its ain company-specific hurdles, for example, it is “only successful the aboriginal stages of returning to mobile” aft tribunal battles with Apple and Google implicit app store payments.
“This isn’t our archetypal clip being here. Epic survived upheavals successful 1990s with the determination from 2D to 3D with Unreal 1; successful the 2000s gathering console games with Gears of War; and successful 2012 moving to online gaming with Paragon and Fortnite,” CEO and laminitis Tim Sweeney said successful the memo.
“Market conditions contiguous are the astir utmost we’ve seen since those aboriginal days, with monolithic upheaval successful the manufacture accompanied by monolithic accidental for the companies that travel retired arsenic winners connected the different side,” helium added.
Epic said it has 4,000 employees aft Tuesday's layoffs, which magnitude to astir 20% of the company's workforce.
The company's past large-scale layoffs were successful 2023, erstwhile it chopped 830 jobs. This amounted to astir 16% of Epic's workforce astatine the time.
English (CA) · 
English (US) · 
Spanish (MX) ·