Epic Games has confirmed plans to cut more than 1,000 jobs and pursue in excess of $500 million in cost reductions amid a downturn in player engagement.

The reductions were first reported by Bloomberg journalist Jason Schreier (paywalled) and are detailed in a company statement posted by Epic Games CEO Tim Sweeney. The savings programme is expected to come from reduced marketing spend, fewer contractors and by closing open roles.

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The announcement arrives weeks after Epic raised prices for Fortnite V‑Bucks, a move that attracted significant player scrutiny. The company attributed the new measures to lower engagement and the need to streamline operations.

Sweeney's statement confirmed the scale of the workforce reductions and the targeted cost savings but did not provide a precise final headcount figure beyond saying the cuts would exceed 1,000 roles. Epic continues to operate Fortnite and its Unreal Engine business while implementing the cost-cutting plan.

Full coverage and additional context are available via Nintendo Life's report on the announcement: Nintendo Life. The original breaking report was filed by Bloomberg's Jason Schreier.