Embracer confirms 900 employees were let go in its second quarter

VGC writes: "The company announced in June that it was implementing a restructuring plan which would involve the closure of studios and the cancellation of projects."

[ZwVw]

Embracer should serve as a cautionary tale to companies who aspire to grow fast but without a formal business infrastructure and are reliant purely on investment money to keep operations afloat.

[LordoftheCritics]

I thought they were here to embrace us?

[Sgt_Slaughter]

Embracer and Xbox are the blueprint for what NOT to do in the gaming industry when it comes to acquisitions at this point.

[mjchitown]

xbox have nothing to do with this clown. they didnt closed no studios or fired dev's as of right now . sony buying studios too but thats ok

[Sgt_Slaughter]

Looks like I hit a nerve if you're resorting to name calling

[JohnMarble]

I agree. So many of Microsoft's purchases recently have done pretty underwhelming in terms of sales and reception. Halo, Forza, Redfall, Starfield was lackluster and even Modern Warfare 3 has seen a big decline.

It really goes to show money doesn't guarantee success.

[PhillyDonJawn]

Azanar the crazy part if all thise games were ps exclusive I guarentee you all them them would've scored 3-5 points highers

[Gamingsince1981]

Starfield isn't the 8th best selling lmfao , it was the 8th most played on xbox from gamepass, its sales are terrible.

[MrBaskerville]

@Azanar
You count Starfield but not Redfall? You do realize that Starfield was probably being developed before they started working on Redfall or Hi Fi rush for that matter.

Same goes for Psychonauts 2, they were practically finished when MS entered the picture.

[Lightning77]

Yet ignores Sony doing the same thing also. Job cuts execs leaving etc.

[RhinoGamer88]

Saudi Money is a lie!

[Christopher]

As long as they're controlling a major portion of the industry, they don't care. It's just money.

[Games1st]

Wow, that's a lot of people. That's what they get for buying too much.

[Profchaos]

Did the details of their suadi deal ever come to light?

[Knightofelemia]

Well when you're a giant sinking ship you either throw them off or they jump the sinking ship. None of this would have happened if Embracer planned everything out better then throwing cash around. Now Tencent will be circling around like sharks ready to pick up the scraps from this giant sinking ship.

[ROCKY28]

Embracer Group Sucks for many reasons