India, March 25 -- Fortnite's parent company Epic Games has announced that it is laying off 1,000 employees. Epic's chief executive Tim Sweeney apologised for the job cuts in a memo to employees Tuesday, noting that the company has been struggling with industry-wide challenges as well as problems that are unique to Epic.

Sweeney said the layoffs, along with another $500 million in savings through other means, would put Epic in a more stable position.

"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," Epic Games CEO Tim Sweeney wrote in the memo. "This layoff, together with over $500 million of identified cost sav...