Epic Games, the creator of Fortnite and the Unreal Engine, have announced plans to lay off more than 1000 staff. In a company-wide letter, CEO Tim Sweeney blamed both “industry-wide challenges” and “challenges unique to Epic”, including a downturn in Fortnite’s popularity.
In addition to the layoffs, the company have made more than $500m in cuts by reducing contracting, marketing, and closing open roles. Sweenet says this puts the company “in a more stable place.”
Sweeney, a strong advocate of AI, says the layoffs “aren’t related to AI”.
