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Report: Cryptic Studios impacted by layoffs

layoffs Cryptic Studios STARS Crystal Dynamics social stage reports information cryptic

03.11.2023 - 11:09

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gamesindustry.biz:

Cryptic Studios appears to be the latest Embracer-owned company to be impacted by layoffs.

The extent of the redundancies is unclear at this stage, but narrative director Winter Mullenix posted on social media that yesterday marked the end of her tenure at the Star Trek Online developer "due to a reduction in workforce."

GamesIndustry.biz reached out to Cryptic Studios and Embracer for more information and we will update this story when we learn more.

Since the announcement of its restructuring programme in June, Embracer has laid off staff at Crystal Dynamics, Gearbox Publishing, Digic, Beamdog, Zen Studios, and more. It also shut down veteran studio Volition Games, and Campfire Cabal.

This follows years of an aggressive M&A strategy that had seen the company increase its value by almost five times to around $9.4 billion.

As of October 7, it was estimated that over 6,100 jobs had been lost this year due to layoffs and studio closures across the industry.

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Report: Cryptic Studios impacted by layoffs

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