Epic Games Slashes Over 1,000 Jobs to Combat Financial Turbulence

Epic Games is undergoing a major restructuring, laying off over 1,000 employees following a reported downturn in engagement for its hit game Fortnite. CEO Tim Sweeney explained that the company has been spending more than it earns, necessitating these drastic cuts to keep the business funded and ensure future stability. The move marks a significant shift for the industry giant as it attempts to realign its financial goals with current market trends.