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Derek Strickland @DeekeTweak Embracer Group is restructuring to reduce costs. This will lead to layoffs, studio closures, and project cancellations. Actions will cover, but are not limited to: • Matthew Karch appointed interim Chief Operating Officer, and Phil Rogers appointed interim Chief Strategy Officer, to co-lead the program planning and implementation . Reduction of general overhead, corporate, publishing and SG&A costs • The closing of studios and termination of projects, that have not yet been announced and with low projected returns • Creation of a more comprehensive, centralized process for game investment and progress review, while maintaining creative freedom • Consolidation of companies and businesses, including review of operative group structures • Reduction of investments into external development with greater focus on internal development based on owned or controlled IP • Increased external funding of internally developed, large-budget games • Renewed focus on the Group's main business areas . Implementing a centralized and standardized, more data-driven and precise approach to game forecasting 2:07 AM Jun 13, 2023 148K Views . Actions will cover, but are not limited to: • Matthew Karch appointed interim Chief Operating Officer, and Phil Rogers appointed interim Chief Strategy Officer, to co-lead the program planning and implementation • Reduction of general overhead, corporate, publishing and SG&A costs • The closing of studios and termination of projects, that have not yet been announced and with low projected returns • Creation of a more comprehensive, centralized process for game investment and progress review, while maintaining creative freedom • Consolidation of companies and businesses, including review of operative group structures • Reduction of investments into external development with greater focus on internal development based on owned or controlled IP • Increased external funding of internally developed, large-budget games • Renewed focus on the Group's main business areas : • Implementing a centralized and standardized, more data-driven and precise approach to game forecasting

Embracer Group is restructuring to reduce costs. This will lead to layoffs, studio closures, and project cancellations.


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Trent Kusters @TrentKusters i hate this part in the boss fight START PressStartAustralia @PressStartAU Apr 22 Embracer Group Has Announced It's Splitting Into Three Separate Companies press-start.com.au/news/2024/04/2... : EMBRACER⭑ GROUP . 2:30 AM Apr 22, 2024 185.1K Views
Grummz @Grummz It's true what they say. Gaming was hijacked by non- gamers once the money got good. AAA is filled with CEOs who have no idea what gamers really want but who are really good at monetization ...in the short term. 2:48 PM Jan 29, 2024 307.8K Views
Geoff Keighley ♥ @geoffkeighley Square Enix has sold Crystal Dynamics, Eidos Montreal and Square Enix Montreal to Embracer + IPs Tomb Raider, Deus Ex and Legacy of Kain. Square said deal "enables the launch of new businesses by moving forward with investments in fields including blockchain, Al, and the cloud." SQUARE ENIX® : 10:28 AM -May 2, 2022
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