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Epic Games says it will fix an insurance problem after layoffs affected employee Mike Prinke, who is undergoing treatment for terminal brain cancer. The episode has also put fresh attention on how the company handled the cuts.
Epic Games cut about 1,000 jobs after weaker-than-expected performance from the Epic Games Store and Fortnite. A Fortnite producer says the remaining team is unsure how the departures will change the game this year.
Epic Games is letting go of over 1,000 employees as Fortnite engagement declines and the company pursues more than $500 million in cost savings. CEO Tim Sweeney says the move is needed to stabilize finances and focus on Fortnite, mobile, and Unreal Engine work.
Tim Sweeney, Epic Games CEO and co-founder, has spent part of his fortune buying around 50,000 acres of North Carolina forest and putting it into conservation, including a record 7,500-acre donation in 2021.