Epic Games cuts over 1,000 jobs amid Fortnite's decline.

Epic Games has laid off over 1,000 employees, citing a downturn in Fortnite's popularity and financial strain. CEO Tim Sweeney said the cuts are necessary to stabilize the business, though he denied the move was driven by artificial intelligence. The company is also discontinuing several Fortnite modes and raising the price of V-Bucks.