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Epic Games laid off over 1,000 employees (~20% of workforce) despite $6B+ annual revenue
Mar 24, 2026In March 2026, Epic Games laid off over 1,000 employees (~20% of workforce), the company's second major round of layoffs in three years (830 laid off in September 2023). Despite reportedly generating over $6 billion annually, CEO Tim Sweeney had raised V-Bucks prices weeks before announcing layoffs claiming the company was 'spending significantly more than we're making.' Cancelled projects included Fortnite Rocket Racing, Ballistic, and Festival Battle Stage. Former Valve writer Chet Faliszek publicly questioned why a private company with no shareholder pressure needed to cut workers.
Sources: Eurogamer(opens in new tab)