One of this week's biggest and most surprising pieces of gaming news was the shocking announcement that Epic Games has laid off 1,000 employees, with the developer and publisher pointing to an ongoing "downturn in Fortnite engagement" across Xbox, PC, PS5, and other platforms that ultimately led to Epic "spending significantly more than we're making" and making steep cuts "to keep the company funded."
The Unreal Engine, Epic Games Store, and Fortnite firm noted that together with $500 million savings achieved through other cost-cutting measures in areas like contracting and marketing, this layoff "puts us in a more stable place."
