Embracer confirms it’s now laid off 1,400 employees and says more cuts could be coming

[John Elden Ring]

Embracer Group’s ongoing restructuring has resulted in the company cutting 1,400 jobs, or about 8% of its global workforce, it confirmed on Thursday.

The company announced in June that it was implementing a restructuring plan which would involve the closure of studios and the cancellation of projects.

It has since shut companies like Saints Row developer Volition and TimeSplitters studio Free Radical Design, while others have reportedly been put up for sale, such as Borderlands maker Gearbox.

Embracer has also made layoffs at Gearbox Publishing, Tomb Raider maker Crystal Dynamics, Knights of the Old Republic remake studio Beamdog, Pinball FX maker Zen Studios, and Deus Ex studio Eidos Montreal, among others.

The company confirmed on Thursday that 483 employees were let go during its third fiscal third quarter ended in December 2023.

Added to the 904 employees laid off during the previous quarter, that takes the total number of jobs cut due to its restructuring to 1,387.

via VGC

 

[Evilnemesis8]

Embracer: "I've got one more in me."

 

[Zzero]

The real news, from the GI.biz article, is that they're going to divest stuff as the final part of their ~plan~ and its gonna happen soon. Shame this place chose to focus on the number of cancelled games thing instead.

 

[Alabtrosmyster]

They made it to 1440p, pretty soon they'll do native 4k!

 

[Kx11]

everyone is laying off employees, Ai is coming hard

learn fixing car engines kids