Embracer sheds more than 900 employees, cancels 15 games

2023-11-22 15:55:37

“As of September 30, 2023, the restructuring plan contributed to Embracer’s first-ever quarter-over-quarter workforce reduction of approximately 900 people, or 5% of the workforce. As part of this group-wide effort, we are not only abandoning a number of studios, we have also made staff reductions and reduced the number of projects at several other studios, with a focus on improving the expected return on investment within PC/Console.

It is never easy to part with talented people. I would like to give a special thanks to those who left Embracer during the quarter. These are difficult decisions and we do not take them lightly. For me, personally, it is essential that the process is conducted with compassion, respect and integrity.”

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