Tim Sweeney, CEO of Fortnite developer Epic Games, on Tuesday said the company is laying off over 1,000 employees due to a "downturn in Fortnite engagement". "I'm sorry we're here again…We're spending…more than we're making…We've to make major cuts to keep…company funded," Tim said. Laid-off employees will receive a severance package that includes at least four months of base pay.