Embracer Group Scrapped 29 Unannounced Games In Just 6 Months

Expert Verified By

Almost 1,400 Workers Have Been Laid off!

Story Highlight
  • Embracer Group is nearing the end of its restructuring plan.
  • Since last year, the publisher has canceled 29 unannounced games in the last six months.
  • It has also laid off around 1,400 workers from the company.

Embracer Group hasn’t gone easy on anyone since it announced a restructuring plan last year, leading to layoffs and studio closures. This led to the closure of Volition Games, Free Radical Design, and more studios.

However, it also meant that many games were canceled before they could see the light of day. According to the latest financial report, this restructuring plan has led to 29 cancellations.

Why it matters: Embracer Group’s actions are often used as examples of the negative impacts of industry consolidation. The corporation brought various studios over the years, but only a few have a bright future under this company.

Volition Games Saints Row
The Saints Row Reboot Failed To Turn A Profit

During the first fiscal quarter, which ended in June, Embarcer Group had 153 unannounced games in development from both internal and external studios they were financing.

The numbers dropped to 138 in the second quarter. By the third quarter, which ended in December, the number dropped to 124, suggesting that the publisher scrapped 29 projects.

While we reported that Embracer Group had laid off over 900 employees by November 2023, this figure has gone up since then. The publisher’s layoff count has increased to 1,387, which is around 8% of the total workforce.

The layoffs include the removal of 871 internal game developers, 264 external developers, and 252 internal non-developers. Amid closures, Embracer Group also appears to have lost a total of seven internal development studios.

The publisher now owns 132 internal studios. Meanwhile, external studios have gone down from 59 to 50. All of this shows the extent of this restructuring plan, though the publisher believes it was necessary.

Among the many canceled projects, one was a new entry in the Deus Ex franchise, which also triggered layoffs at Eidos Montreal.

Deus Ex
Deus Ex Might Not See A New Game For A While

Embracer Group is now at the finish line, but its restructuring plan has left even further room for layoffs and job cuts. The CEO recently stated that the company will be trimmed down further before the plan is finished.

Fortunately, the conclusion is expected soon. Therefore, the company should be done by the time it releases the next quarterly financial earnings report.

While Embracer Group may not be the only one to go through such layoffs this year, the corporation has made the most extensive job cuts. Elsewhere, the likes of Microsoft recently laid off 1,900 employees.

Was our article helpful? 👨‍💻

Thank you! Please share your positive feedback. 🔋

How could we improve this post? Please Help us. 😔

Gear Up For Latest News

Get exclusive gaming & tech news before it drops. Sign up today!

Join Our Community

Still having issues? Join the Tech4Gamers Forum for expert help and community support!

Latest News

Join Our Community

104,000FansLike
32,122FollowersFollow

Trending

Xbox Chief Blames Asus For Xbox Ally X Price Amid $1000 Price Criticism

Xbox president says that the Xbox Ally X's high price was Asus's decision, but it paid off, and it provides great value for the money.

PS6 Handheld Rumored To Be Nearly 3x Faster Than Switch 2 in Docked Mode

According to a new report, the PS6 handheld could be 3x faster than Switch 2 in docked mode, and even faster in handheld mode.

Halo Studios Reportedly Launching A Live-Service Title ‘Like Fortnite’ Next Year

Halo Studios is launching a live-service multiplayer game next year reminiscent of Fortnite in 2026, as per a reliable insider.

Pokemon Legends: Z-A User Score Drops To 4.3 Amid Review Bombings

The initial Pokemon Legends: Z-A user reviews have been very harsh to the game, criticizing almost all aspects.

Xbox President Reconfirms Next-Gen Console Plans, Denies Going Third-Party With Hardware

In a new interview, Xbox President Sarah Bond has reconfirmed plans for the next-gen Xbox amid rumors making its existence uncertain.