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Saber Interactive Assets Sold For $247 Million As Embracer Withdraws From Russia
Earlier this month, people started discovering the removal of Embracer mentions from Saber Interactive’s website.
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Embracer Has Now Cut 1,387 Roles With Q3 Results Lower Than Expected
Embracer Group has presented its third-quarter earnings report. Key among other revelations of the report is that the Swedish conglomerate has cut a further 483 roles
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Embracer-Owned Lost Boys Interactive Hit By “Massive” Layoff, 170 Reportedly Affected
Lost Boys Interactive is the latest Embracer-owned studio to be hit by layoffs. The move is a continuation of Embracer Group’s restructuring which was announced in June 2023.
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Embracer Group Confirms Layoff Of 900 Employees In Q2 In Earnings Presentation
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.
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Cryptic Studios Confirm Layoffs Was Due To Embracer Restructuring
It started with shocking Bungie layoffs and is ending with Cryptic Studios announcing personnel changes—which technically meant layoffs.
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Zen Studios Hit By Layoffs, About 32 Employees Fired!
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.