Epic Games

Epic Games is laying off 1,000 employees, trimming its workforce to about 4,000 — roughly a 20% reduction — as Fortnite engagement slows and the broader gaming market weakens. CEO Tim Sweeney said the cuts are not tied to AI but stem from slower growth, weaker spending, tougher cost economics, competition from social media and other online entertainment, and company-specific challenges including an early-stage return to mobile after legal battles with Apple and Google.