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theverge.com

More layoffs at another Embracer Group studio

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The monolith that is Embracer Group confirms 900 layoffs in just one quarter

Software Monolithic reports

16.11.2023 - 15:37

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destructoid.com:

2023 has been an utterly miserable time to be working in the video game industry. Announcements of layoffs from some of the biggest names around have been dominating news sections lately. While we already knew Embracer Group was one of them, we now know the figures.

In the most recent sales report from the Crystal Dynamics and Gearbox Software owner, the company has said it experienced a 13% increase in net sales between July and September of this year (Q2 of their 2023-2024 fiscal year).

Embracer Group Interim Report Q2 FY 2023/24 is published: Net sales increased by 13% to SEK 10,831 million.

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The monolith that is Embracer Group confirms 900 layoffs in just one quarter

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