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Saints Row owner Embracer announces "comprehensive restructuring program" to close studios, cut jobs (www.eurogamer.net)

submitted 2 years ago* (last edited 2 years ago) by [email protected] to c/[email protected]

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Crystal Dynamics was confirmed to be safe, but otherwise Embracer hasn't mentioned which projects or which studios are going to be seeing cuts. Worrying news for a company which has made so many acquisitions in so little time, and which has only released a handful of notable games.

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[–] [email protected] 12 points 2 years ago

I was wondering when they were gonna stop eating every single studio, I guess they tried to brute force their way to profit and are now realizing it was a terrible plan

[–] [email protected] 8 points 2 years ago (1 children)

What was the point of all those acquisitions then? This is horrible

[–] [email protected] 4 points 2 years ago

The main purpose was to acquire all the IPs.

[–] [email protected] 6 points 2 years ago* (last edited 2 years ago) (1 children)

God, what a strange company, their Wikipedia gave me a headache. Apparently THQ Nordic is now Austrian?

[–] [email protected] 4 points 2 years ago

Yes .... and Swedish. There were two companies named "THQ Nordic" one holding-company in Sweden and their publishing arm in Austria.

The Swedish company got renamed Embracer but the Austrian arm stayed as THQ Nordic.

[–] [email protected] 4 points 2 years ago

I imagine that Volition is on the chopping block.

[–] [email protected] 3 points 2 years ago

Gonna presume the reason why they haven't announced which studios are being hit is because they haven't yet told them. So there's now 15k+ people sat that their desks worrying if they'll have a pay check in a few weeks time. That sucks.

[–] [email protected] 3 points 2 years ago

Embrace extend extinguish.

[–] [email protected] 2 points 2 years ago

Well fuck.

[–] [email protected] 2 points 2 years ago

The restructuring will be overseen by Saber boss Matthew Karch and former Square Enix USA boss Phil Rogers, who have been tapped by Wingefors in new executive roles.

That doesn't inspire confidence after how Square Enix studios in the US were run.

[–] [email protected] 1 points 2 years ago

Really worrying that they wouldn't announce which studios will get hit. The newest Saints Row was a bomb, but the rest of their companies seem to be doing pretty well. It would be annoying if good studios get laid off from this...

[–] [email protected] 1 points 2 years ago* (last edited 2 years ago)

Embracer Group owns a whole load of stuff. I think they own the Deus Ex IP now too since Square Enix sold it off to focus on NFT's. 🫠

Anyways I hope no one loses their job and they can continue to put out great games.