“We’re spending significantly more than we’re making, and we have to make major cuts to keep the company funded,” Chief Executive Officer Tim Sweeney 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.”
This is Epic’s second major round of layoffs in three years. In September 2023, the Cary, North ...