Epic Games Inc. is a maker of popular games. fortnite Video game company will lay off 870 employees in an effort to cut costs.
“For some time now we have been spending far more money than we have earned,” said the chief executive. Tim Sweeney He said in a memo to employees reviewed by Bloomberg News. “I was optimistic for a long time that we would be able to get through this transition without layoffs, but in retrospect I see that this was unrealistic.”