Embracer Group has introduced that it’s coming into a ‘restructuring program’ with a view to changing into a “leaner, stronger and a extra centered, self-sufficient firm”. In different phrases, it is about to undertake some fairly substantial cost-cutting measures after spending the final six years or so specializing in widespread studio acquisitions.
In an open letter penned on the official Embracer Group web site, CEO Lars Wingefors states that the corporate’s actions will embrace, however not be restricted to, the closure or divestments of some studios and the termination or pausing of some ongoing sport growth tasks. It’s going to additionally lower spending on ‘non-development prices’ resembling overhead and different working bills.
Lastly, Embracer Group will readjust its concentrate on inside IP, thus decreasing its third-party publishing going forwards. By way of which tasks will probably be canceled, Embracer Group has said that this will probably be restricted to unannounced titles; all video games identified to the general public on the time of writing will nonetheless be launched as deliberate.
Clearly, this implies many proficient people at Embracer Group might quickly be made redundant within the coming months, although Wingefors is seemingly hesitant to supply any forecast on precisely what number of at this stage. The corporate has made some important acquisitions within the final a number of years, together with the likes of Restricted Run Video games, Center-Earth Enterprises, Gearbox Software program, and key belongings from Sq. Enix, together with Crystal Dynamics and Eidos-Montréal.
