Epic Games lays off 1,000 employees, citing dip in 'Fortnite' popularity [Yahoo! Finance]
Electronic Arts Inc. (EA)
Last electronic arts inc. earnings: 1/30 04:01 pm
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Source: Yahoo! Finance
Epic Games, the maker of popular video game Fortnite, is laying off over 1000 employees and cutting costs by $500 million. (Philip Pacheco/Getty Images) Epic Games, the developer of the popular video game “Fortnite,” is laying off more than 1,000 employees and cutting $500 million in costs. Chief Executive Tim Sweeney announced the cuts Tuesday morning in a message to employees. He said it has nothing to do with AI and instead pointed to what he said was a lack of “Fortnite” engagement last year. “Despite Fortnite remaining one of the most successful games in the world, we've had challenges delivering consistent Fortnite magic with every season,” said Sweeney in a statement. The company's flagship game was first released in 2017. Since then, it's been a key part of internet culture — where character-specific dances became widespread trends and major musicians, like Travis Scott and Ariana Grande, have hosted concerts in the virtual realm. But Epic has been slow to optimize t
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EA
News
- The Expanse: Osiris Reborn Moves on From Mass Effect but Keeps Companions Close [CNET News]CNET News
- Private credit cracks open door for Wall Street banks' comeback: ‘The tug of war is just starting' [CNBC]CNBC
- Private credit is bruised, not broken [Yahoo! Finance]Yahoo! Finance
- ‘Fortnite' video game maker lays off over 1,000 workers [Yahoo! Finance]Yahoo! Finance
- Epic Games cuts 1,000 jobs as Fortnite 'magic' fades in 'extreme' market conditions [FOX Business Network]FOX Business Network
EA
Earnings
- 2/3/26 - Miss
EA
Sec Filings
- 3/26/26 - Form SCHEDULE
- 3/17/26 - Form 4
- 3/17/26 - Form 4
- EA's page on the SEC website