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Embracer Group embraces its new future as three separate companies including 'Middle-earth and Friends', which its CEO says 'reinforces Embracer's vision of backing entrepreneurs and creators with a long-term mindset'
News Making friends.
One of Embracer's top executives resigns and announces his own gaming company at the same time
news Egil Strunke was replaced as Embracer's chief operating officer in June, but he didn't actually leave until last week.
After years of expansion and the recent collapse of a $2 billion mystery deal, Embracer Group announces major layoffs and studio closures
news Brace yourself.
Gearbox rumored to be up for sale as Embracer continues to try to bounce back from a failed $2B deal
news The report of a possible sale of the Borderlands studio comes less than two weeks after the closure of Saints Row developer Volition.
Flagging megacorp Embracer Group is now selling off Gearbox Entertainment to Take-Two for $460 million
News But it'll keep the Remnant series, thank you very much.
Embracer reportedly guts another studio in the wake of its dead-in-the-water $2 billion deal
News A source at Zen Studios reportedly told Videogamelayoffs that 32 devs are out of a job.
Embracer has laid off 5% of its workforce since its $2 billion mystery deal crumbled to dust
News CEO Lars Wingefors addressed shareholders in a meeting earlier today.
26 staff have been laid off at Baldur's Gate: Enhanced Edition studio Beamdog
News Following layoffs and closures of other Embracer-owned developers.
It's a day ending in 'y' so you know what that means: Embracer Group is doing more restructuring
News It's amazing this lot ever get around to releasing games.
Embracer Group will reportedly sell Space Marine 2 studio Saber Interactive for $500 million
news Saber Interactive, which Embracer acquired in 2020, will continue to operate as a privately-owned company.
As restructuring ends with the sale of Gearbox, Embracer's CEO has a new plan: 'simply making better products and games'
News It's a bold strategy.
Embracer's Lost Boys Interactive studio hit with another round of layoffs
news The studio says it has to "adapt to shifting market conditions within the videogame industry."
Embracer-owned Lost Boys Interactive confirms 'difficult' layoffs
news Multiple employees have reported being let go in what appears to be the latest cuts by the struggling Embracer Group.
Embracer has closed Alone in the Dark studio Pieces Interactive
news The closure comes less than a month after Embracer said sales of the Alone in the Dark reboot were "softer than expected."
Embracer exec says laying off hundreds of people was an 'agonising process,' but that restructuring is 'how we win'
News "We know it's a necessary thing for us to hit our new and needed goals. So overall, good progress and we push on."
3D Realms and Slipgate Ironworks reportedly hit with layoffs as Embracer continues to cut
news Apogee's Scott Miller, who had close ties to 3D Realms before the Embracer purchase, said at least half the company has been let go.
Embracer lays off 50 more employees and may soon close resurrected TimeSplitters studio Free Radical Design, yet its CEO and board of directors still have their jobs and were 'discharged from liability for the financial year'
news The fallout from Embracer's failed big-money investment deal continues.
Embracer's CEO says 'I'm sure I deserve a lot of criticism' as he reflects on a company split three ways—but maintains that every 'key entrepreneur and CEO' believed in its 'mission'
News "All those decisions to acquire or organically set up or invest … I firmly believed in that."
Embracer Group sells off Space Marine maker Saber Interactive and most of its studios for $247M, but the price could go a lot higher
news Most of the studios operating under the Saber brand are included in the sale, but some big names are staying behind.
The Embracer spiral continues as Insurgency: Sandstorm studio New World Interactive lays off employees
news The studio is not closed, but it is being restructured.
Embracer reveals it laid off around 1,400 people in 6 months last year, but don't be a bellyacher—this is all about 'maximising shareholder value'
news And there's more to come.
Embracer lays off 97 people at Eidos Montreal, reportedly cancels new Deus Ex game
news The Embracer Group's plummet hits one of PC gaming's most beloved series.
Borderlands studio Gearbox reportedly in the 'late stages' of a sale, as Embracer Group continues to hack off parts of itself to keep the lights on
News As a caged elephant once said: Money don't grow on trees.
Embracer has reportedly closed Elex developer Piranha Bytes as former creative director announces a new indie studio
news Piranha Bytes said it was "in a difficult situation" earlier this year and it appears a solution could not be found.
Newly-minted Saber Interactive boss says Embracer CEO 'gets a bad rap' for massive layoffs, studio closures, and game cancellations
news One wonders what kind of rap he thinks would be appropriate.
THQ Nordic studio that was set to be closed in 2023 somehow escaped the Embracer death spiral and is now working on a new RPG
news Campfire Cabal was ordered closed in the aftermath of Embracer's implosion, but it never actually happened.
Eidos Montreal lays off more employees: 'We don’t have the capacity to entirely reallocate them to our other ongoing projects'
news The Embracer-owned studio is putting "up to 75" people out of work.
Embracer-owned Elex studio Piranha Bytes is trying to save itself from closure: 'Don't write us off yet'
news Piranha Bytes is "in a difficult situation" and will be closed if it can't find a way to move forward on its own.
