
Embracer Group, the Swedish video game and media company that owns a huge number of subsidiaries, including Plaion, Saber Interactive, and THQ Nordic, has confirmed that it’s laid off around 8% of its staff since the start of its restructuring program last year.
The restructuring program was first announced in June 2023, and since then, it’s seen enormous staff cuts across a wide range of its studios. For example, Saints Row studio Volition was closed down entirely in August, as was TimeSplitters studio Free Radical Design in December. Just last month, Shadow of the Tomb Raider developer Eidos-Montréal confirmed it was laying off 97 members of staff.