Epic Games cuts around 830 jobs, 16 percent of its workforce

A Bloomberg report has it that Fortnite developer Epic Games is going to lay off 16 percent of its workforce.

Epic Games has confirmed that the layoffs will impact around 830 employees. The layoffs are a result of the company “spending way more money” than it earns.

Epic Games is seeking investments and sees layoffs as a means to reduce expenses might make it easier to raise funds.

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