Epic Games Cuts Over 1,000 Jobs Weeks After Raising Fortnite V-Bucks Prices

5 hours ago 1

Rommie Analytics

Plus $500 million in cost cutting.

Fortnite is one of the most successful games in the world, but that hasn't stopped Epic Games being affected by the tumultuous nature of the games industry. Today, the company has announced that it's laying off over 1000 employees due to a downturn in engagement.

Bloomberg's Jason Schreier initially broke the news (paywalled), Epic CEO Tim Sweeney shared a statement over on the company's official website. On top of 1,000 employees losing their jobs, the company will also be making over $500 million cost cutting savings.across marketing, contracting, and closing open roles.

Read the full article on nintendolife.com

Read Entire Article