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PC Gamer
PC Gamer
Joshua Wolens

Embracer has laid off 5% of its workforce since its $2 billion mystery deal crumbled to dust

Lars Wingefors giving Embracer's 2023 Q2 earnings presentation.

Embracer has had a bad year. What once felt like the inexorable rise of a games industry goliath began to stagger in May, when a six-year, $2 billion mystery deal the company had drawn up collapsed at the last minute. Embracer announced a "comprehensive" restructuring the following June and since then, news about the company has been a grim parade of studio closures and job losses.

Now, in the wake of Embracer's Q2 (that's July to September this year) earnings presentation earlier today, we have a rough idea of how many workers were affected by those layoffs: 900, or about 5% of the almost 17,000-strong workforce Embracer said it had back in June.

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