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AssetID: 53092439

Headline: Epic Games to Cut About 16% of Staff

Caption: The 'Fortnite' video game maker will lay off 870 employees, 16% of its workforce, in an attempt to cut costs, 'Bloomberg' reports. CEO Tim Sweeney made the announcement in a staff memo.

Keywords: Epic Games,cut,about,16%,staff,workers,employment,computer games,workforce,cut costs,staff memo,accelerated stock vesting,severance pay,health insurance,structural change,economics,gaming industry

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