Epic Games is laying off over 1,000 employees as CEO Tim Sweeney cites declining Fortnite engagement and spending that ...

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Epic Games said it would lay ​off ​more ​than 1,000 employees as it cuts ⁠costs ‌after a sharp fall ⁠in usage of its flagship game, Fortnite.

Amid gaming industry woes and a lack of "Fortnite" popularity, Epic Games is cutting costs and laying off 1,000 staffers.

Epic Games has confirmed plans to lay off 1,000 staffers and cut $500 million in costs amid a downturn in engagement with the ...

Epic said it has 4,000 employees after Tuesday's layoffs, which amount to about 20% of the company's workforce.

It is the second time in recent years the company has announced lays offs due to struggles with its blockbuster online game.

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The news comes weeks after it raised the cost of in-game currency, citing financial pressures.