Embracer Group, the Swedish video game and media holding corporation responsible for a wide range of intellectual properties and game studios, has announced that it's laid off a total of 900 employees over the past three months.
Despite these losses, Embracer has still reported a 13 percent year-on-year increase in net sales over the second quarter of 2023 (July to September). In its latest earnings report, the holding corporation announced that it's seen a five percent decrease in sales across its PC and console games portfolio. That said, the report also claims that the last three months have been one of the "strongest quarters for new releases ever" (via RockPaperShotgun).
