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Saints Row Owner Embracer Is Laying Off Staff To Save Costs
Embracer has announced plans to close studios and lay off staff amidst a new "comprehensive restructuring program". It wants to be a "leaner, stronger and a more focused, self-sufficient company" by making "cost savings". This is in spite of its spending $300 million on acquiring Crystal Dynamics, Eidos Montreal, and Square Enix Montreal last year, and $1.3 billion on Gearbox in 2021.