The number of Limited Games uploaded on Steam has spiked since 2018, indicating an increase in the number of indie games poured into the platform.
The divestment of Gearbox Entertainment marked the end of Embracer’s restructuring which started in June 2023.
Embracer Group’s restructuring is far from over and continues to cause a major shakeup in the gaming industry.
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
Members of the defunct studio teamed up to form Shapeshifter Games. Posts from people mentioning they landed new roles at the studio started popping up on LinkedIn 3 months ago.
Embracer’s restructuring hammer has fallen on Eidos Montreal. At least 97 people were impacted by the layoff. Also, an unannounced Deus Ex title was canceled.
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.
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.
It started with shocking Bungie layoffs and is ending with Cryptic Studios announcing personnel changes—which technically meant layoffs.