Epic Games announces massive layoffs amid Fortnite slump

Epic Games announces massive layoffs amid Fortnite slump

Epic Games has announced a sweeping reduction in workforce, cutting more than 1,000 employees. In a memo, CEO Tim Sweeney attributed the decision to a significant downturn in Fortnite engagement that began in 2025. This decline has resulted in the company spending substantially more than it earns, necessitating drastic measures to maintain financial stability. Read:…

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Netflix projects massive ad revenue growth and pivots to cash bid for Warner Bros.

Netflix projects massive ad revenue growth and pivots to cash bid for Warner Bros.

Netflix’s advertising business has reached a major turning point, more than doubling its revenue to $1.5 billion between 2024 and 2025. During the company’s most recent earnings call, co-CEO Greg Peters expressed high confidence in this trajectory, projecting that ad revenue will “roughly double again” in 2026 to reach approximately $3 billion. This rapid scaling…

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AWS finding its feet again after massive cloud disruption

AWS finding its feet again after massive cloud disruption

Amazon Web Services was recovering on Monday from a widespread outage that knocked out thousands of websites along with some of the world’s most popular apps — Snapchat and Reddit — and disrupted businesses globally. The turmoil marked the largest internet disruption since last year’s CrowdStrike malfunction hobbled technology systems in hospitals, banks and airports,…

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