There may be a wider context of enormous industry layoffs, but the rate and volume of layoffs at Embracer Group over the last year is on an unprecedented scale. Everything seemed on an even keel until the collapse of a mystery $2 billion deal in May last year left its CEO gobsmacked (while the company's COO chose to fall on his sword) and resulted in what at the time was said to be a 5% cut to its global workforce, around 900 people.
The axe kept falling over the course of the year, with some studios closed outright, while the dire warnings about "restructuring" from the suits continued. And just to rub it in for readers of PC Gamer in particular, Embracer even laid off almost 100 staff at Crystal Dynamics and cancelled a Deus Ex game.
