Embracer Group cuts 900 jobs

Embracer switches to cost-cutting mode: layoffs, studio closures, game shutdowns, and focus on first-party IP | Game World Observer

Embracer Group has announced a business restructuring. The Swedish holding company plans a multi-phase program aimed at increasing its growth and long-term efficiency.

Embracer confirms 900 layoffs following net sales upswing

The company indicated it will continue making layoffs despite quarterly net sales rising by 13 percent to $170.5 million.

Embracer Group has laid off over 900 people in the last three months but reports "one of our strongest quarters for new releases ever"

That's five percent of the workforce