Epic Games to Lay Off 1,000 Staffers and Cut $500 Million in Costs Amid ‘Fortnite’ Downturn
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Epic Games has confirmed plans to lay off 1,000 staffers and cut $500 million in costs amid a downturn in engagement with the company’s signature gaming franchise “Fortnite.” Epic Games CEO Tim Sweeney disclosed the news in a memo to employees that was blunt about the company’s challenges. “Today we’re laying off over 1000 Epic […]
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Mar 24, 2026 8:27am PT Epic Games to Lay Off 1,000 Staffers and Cut $500 Million in Costs Amid ‘Fortnite’ Downturn By Jennifer Maas Plus Icon Jennifer Maas TV Business Writer @jmaasaronson Latest ‘Hello Kitty Island Adventure’ to Launch ‘City Town’ Expansion in April, First Trailer Reveals New Character Usahana 1 hour ago ‘Bridgerton’ Season 5 Sets Francesca and Michaela Stirling as Romantic Leads, Filming Now Underway 3 hours ago Why Is Tom Scott Back? YouTube Star Talks Breaking Two-Year Hiatus for New Series, Why It Will Stream First on Indie Platform Nebula 19 hours ago See All Epic Games has confirmed plans to lay off 1,000 staffers and cut $500 million in costs amid a downturn in engagement with the company’s signature gaming franchise “ Fortnite .” Epic Games CEO Tim Sweeney disclosed the news in a memo to employees that was blunt about the company’s challenges. “Today we’re laying off over 1000 Epic employees. I’m sorry we’re here again. The downturn in ‘Fortnite’ engagement that started in 2025 means we’re spending significantly more than we’re making, and we have to make major cuts to keep the company funded. This layoff, together with over $500 million of identified cost savings in contracting, marketing, and closing some open roles puts us in a more stable place,” Sweeney wrote. “Some of the challenges we’re facing are industry-wide challenges: slower growth, weaker spending, and tougher cost economics; current consoles selling less than last generation’s; and games competing for time against other increasingly-engaging forms of entertainment.” In February 2024, Disney invested $1.5 billion in Epic Games to take a minority stake in the gaming firm that has helped expand the concept of gaming eco-systems with the success of “Fortnite” and its many iterations. Popular on Variety More to come Jump to Comments More from Variety Magenta Light Studios Launches New Label for Bold Indie Films; Acquires Fantastic Fest Breakout ‘Appofeniacs’ Loading comments...
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