Epic Games Lays Off Hundreds as Fortnite Profits Decline Amid Industry Slowdown

Epic Games laying off about 830 employees, 16% of its staff
Divesting online music platform Bandcamp
Spinning off most of SuperAwesome, a platform for kid-safety tools
Cites lower margins from Fortnite's creator content/revenue sharing
Cuts aimed at reaching profitability amid industry slowdown
Epic still battling Apple in antitrust case over App Store fees

reuters.com

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