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'Fortnite' Maker Epic Games Reveals Mass Layoffs, Says AI Isn't to Blame [Yahoo! Finance]

Alphabet Inc. - Class C Capital Stock (GOOG)  More Company Research Source: Yahoo! Finance
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
“Since it's a thing now, I should note that the layoffs aren't related to AI,” Sweeney wrote in a memo to staff that was also posted publicly. “To the extent it improves productivity, we want to have as many awesome developers developing great content and tech as we can.” Launched in 2017, the popular battle royale shooter, Fortnite, reportedly had over 650 million registered players worldwide in 2025. In the memo, however, Sweeney said a decline in Fortnite engagement that began in 2025 left Epic spending “significantly more than we're making,” forcing the company to make major cuts to keep the business afloat. While Sweeney did not elaborate on the reason for mentioning AI, one reason may lie in the company's embrace of the technology. In 2023, Epic Games found itself at odds with Valve, the creator of Steam, over the use of generative AI in games, with the Fortnite maker allowing games developed using the technology on its Epic Games Store marketplace. The layoffs, the compa [Read more]
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Stockreport

'Fortnite' Maker Epic Games Reveals Mass Layoffs, Says AI Isn't to Blame [Yahoo! Finance]

Alphabet Inc. - Class C Capital Stock  (GOOG) 
More Company Research Source: Yahoo! Finance
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
“Since it's a thing now, I should note that the layoffs aren't related to AI,” Sweeney wrote in a memo to staff that was also posted publicly. “To the extent it improves productivity, we want to have as many awesome developers developing great content and tech as we can.” Launched in 2017, the popular battle royale shooter, Fortnite, reportedly had over 650 million registered players worldwide in 2025. In the memo, however, Sweeney said a decline in Fortnite engagement that began in 2025 left Epic spending “significantly more than we're making,” forcing the company to make major cuts to keep the business afloat. While Sweeney did not elaborate on the reason for mentioning AI, one reason may lie in the company's embrace of the technology. In 2023, Epic Games found itself at odds with Valve, the creator of Steam, over the use of generative AI in games, with the Fortnite maker allowing games developed using the technology on its Epic Games Store marketplace. The layoffs, the compa [Read more]
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GOOG
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LAST PRICE AT
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%
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