At the recent corporate briefing, Embracer Group revealed that they have a total of 124 games in development, down from the previous 153 games (29 games lost) within a six-month period after 2023.
Meanwhile, the company also disclosed that they have laid off 1,387 employees, accounting for 8% of the total workforce. They have a total of 132 game studios, reduced from the previous 139 studios (7 closed), and acknowledged the need for further layoffs and restructuring due to their inability to reduce debts as planned.
CEO Lars Wingefors mentioned that they are progressing with the sale of some studios as announced (rumored to include Gearbox), currently in mature stages.
Source – VGC, IGN
TLDR: Embracer Group announced a decrease in games in development, layoffs, studio closures, and plans for further restructuring and studio sales.
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