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Embracer Confirm Conclusion Of Saber Interactive Assets, 4A Games And Zen Studios Not Included
Embracer confirmed it received early payments for the Saber assets and concluded the financial aspects of the transaction.
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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 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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PlayStation Visual Arts Developers Hit By The Sweeping Layoff Wave
The layoff storm blowing through the gaming industry is far from over. The latest studio that was impacted is PlayStation Visual Arts.
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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.