Epic Games lays off 1,000 workers as its CEO says the cuts aren't tied to AI

TL;DR

Epic Games is laying off over 1,000 workers.
The layoffs are attributed to extreme market conditions and a decrease in Fortnite engagement.
CEO Tim Sweeney confirmed the cuts are not related to AI.
Spending has been outpacing revenue, necessitating major cuts and over $500 million in cost savings.
Epic is focusing on optimizing Fortnite for mobile devices.
Affected employees will receive at least four months' severance pay and six months of health benefits in the U.S.

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