Embracer Group has already laid off 900 people and closed 15 projects – INDIA

The latest financial report showed that Hug group liquidated as part of the restructuring program on September 30, 2023. up to 900 jobs. This represents 5% of the Swedish company’s total workforce. Also 15 projects were canceled. The cuts will continue in the coming months and years.

Layoffs, project cancellations and studio closures began at the last minute. two billion dollar deal fell through. According to unofficial information, the Savvy group of Saudi Prince bin Salman suddenly backed down.

Volition studio has closed.where Saints Row was developed, and Campfire Cabal team ended a year after its creation. He was supposed to create story-driven role-playing games. People who had a hand in the Hitman, Hunt: Showdown and Expeditions: Rome series worked for her.

In particular, employees of the publishing division and development studios of Gearbox were fired. Crystal Dynamics (Tomb Raider), Bimdog (the last time a remake of Knights of the Old Republic was announced, there are speculations about its cancellation) or Zen Studios (Pinball FX).

Of the total number of 904 employees there were 511 developers fired. Restructuring could also hit Free radical design, where the revival of the first-person shooter Timesplitters is born. Staff should have been recently warned that this could happen. Then some started looking for new jobs.

As for the 15 canceled projects, these were supposed to be mostly unannounced games from Amplifier, Freemode, Gearbox, Plaion, Saber Interactive and THQ Nordic.

It is also owned by Embracer Group. Prague studio Warhorse (Kingdom to Come: Deliverance), Brno Eschborn Games (Last train home) Bratislava Games “Nine Rocks” (Path of the Hunter), Saber Interactive (SnowRunner, Insurgency: Sandstorm, World War Z), Piranha Bytes (Gothic, Risen, Elex), Italian Milestone (Hot Wheels Unleashed, Ride), Flying Wild Hog (Trek to Yomi, Evil) West ), 4A Games (Metro series) or Eidos-Montréal (Deus Ex).

Many video game companies are laying off their jobs this year. Xbox Game Studios, Epic Games, Sony Interactive Entertainment, Ubisoft, CD Projekt, Unity, Riot Games, Blizzard, Crystal Dynamics, BioWare, Striking Distance, Team17, Frontier Developments and Telltale Games and others.