Epic Games, the creator of Fortnite, has announced plans to reduce approximately 900 jobs

Epic Games Inc. has announced plans to cut around 900 employees, which accounts for approximately 16% of its total workforce, according to information obtained from an unnamed source.

Due to the confidentiality of this information, the source requests to remain anonymous.

Epic Games, headquartered in Cary, North Carolina, is the creator of the popular game Fortnite, enjoyed by over 400 million users. Additionally, the company develops a sought-after suite of technologies for video game creation known as the Unreal Engine.

As of now, the company has not provided any comments on this matter.

Epic Games is one of the largest privately held video game companies in the world. CEO Tim Sweeney owns the majority of shares, while the Chinese conglomerate Tencent Holdings Ltd. holds a 40% stake in the company.