Embracer’s earnings presentation on Thursday, November 16, 2023, has spewed more information about the company’s restructuring program which began in June.
For the first time, gamers have learned about the scale of the impact of Embracer Group’s restructuring drive. Lars Wingefors, the company’s co-founder and CEO disclosed this in his opening remark at the company’s second-quarter earnings presentation on Thursday, November 16, 2023.
Digital Extremes is the latest studio to announce layoffs in an industry that has seen thousands of jobs severed this year. The exact number of roles made redundant was not immediately made available at the time the news broke. But Digital Extremes has now confirmed the number.
It started with shocking Bungie layoffs and is ending with Cryptic Studios announcing personnel changes—which technically meant layoffs.
The layoff storm blowing through the gaming industry is far from over. The latest studio that was impacted is PlayStation Visual Arts.
Zen Studios which is most popular for making Pinball FX was founded in 2003. At the time the studio was acquired by Embracer in 2020 through its subsidiary Saber Interactive, the studio employed 65 developers.
The last few months have seen massive layoffs in the gaming industry. The latest studio to let go of game developers is Naughty Dog, the studio that brought Uncharted and The Last of Us to life.
The buzz around Starfield’s launch was punctuated by the news about the shutdown of Volition Games. The news was shared on the studio’s official LinkedIn handle about half an hour after the embargo on Starfield was lifted. Volition is famous for making Saints Row and Red Faction. “This past June, Read more