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On March 24, Epic Games announced layoffs of over 1,000 employees, accounting for a quarter of its workforce, in response to operational pressures caused by a decline in players and revenue from its primary revenue source, Fortnite. The company expects to save over $500 million in costs through measures such as layoffs, reducing contract and marketing expenses. Laid-off employees will receive compensation including at least four months' basic salary, extended health insurance, and accelerated vesting of stock options. Epic Games emphasized that the layoffs are unrelated to AI, and the company will focus on content upgrades for Fortnite and the development of Unreal Engine 6 in the future. Tencent holds approximately a 28% stake in Epic Games, making it the majority shareholder.
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