Yikes.
Embracer has confirmed it has laid off 900 employees in the last financial quarter.
Publisher head Lars Wingefors made the confirmation, which impacts around 5% of Embracer’s total employee count. Embracer’s layoffs are one of the latest steps in a massive restructuring program that was announced back in June.
In an open letter penned back in June, Wingefors confirmed that steps including “closing or divestments of some studios and the termination or pausing of some ongoing game development projects”.
We’re sadly reporting on layoffs more and more often within the video games industry. Of late, employees at organisations including 505 Games’ Digital Bros, Amazon, Bungie, Media Molecule, Ubisoft and many more have been impacted by layoffs.
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