Embracer Group Reveals Nearly 1,400 Employees Have Been Laid Off, Warns More Job Losses Could Happen
Embracer Group’s restructuring plans have resulted in nearly 1,400 job losses, the publisher confirmed today.
Embracer Group’s restructuring plans have resulted in nearly 1,400 job losses, the publisher confirmed today.
Piranha Bytes has revealed on Twitter that it is in a difficult situation amidst reports that it is facing closure due to Embracer Group’s restructuring process.
The games industry is estimated to have suffered around 9,000 job losses this year.
Unity has laid off another 256 people as part of the company’s “reset,” terminating the entire technology and engineering branch it bought from Weta VFX.
Developer Fishlabs is reportedly the latest casualty in Embracer Group’s ongoing restructuring program.
A key executive at Embracer Group has reflected on the major losses at the company, acknowledging them as significant but necessary.
Embracer Group laying off 900 people has resulted in 15 projects being cancelled, the company confirms, check out the details here.
Embracer Group’s ongoing restructuring program has seen some 15 unannounced titles written down, with more studio closures also planned.
Embracer Group reveals that 900 employees were let go during its second quarter, which ended September 2023.
Naughty Dog’s Michael Barclay has revealed that Star Wars Battlefront 3 was ‘cancelled 2 yards from the finish line.’