“We’re spending significantly more than we’re making, and we have to make major cuts to keep the company funded,” the company said in a blog post on Tuesday. “This layoff, together with over $500 million of identified cost savings in contracting, marketing, and closing some open roles puts us in a more stable place.”


Last week, Epic raised the prices of Fortnite’s in-game currency, writing in a blog post that “The cost of running Fortnite has gone up a lot and we’re raising prices to help pay the bills.”