J
Embracer laid off more people than Riot Games employs.
Embracer Group says its headcount dropped by 27 percent over the past financial year, alongside closing 44 studios and 80 in-development projects. That’s 4,532 employees, more than Riot’s roughly 4,300-strong workforce.
Embracer CEO Lars Wingefors says the restructuring program is now “successfully finalized” and has “created a stronger foundation for improved profitability, cash flows and long-term value creation.”
Embracer Group Interim Report Q4, January-March 2024
[Embracer Group]
Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates.
Loading comments
Getting the conversation ready...
Most Popular
Most Popular
- Midjourney goes from generating cat images to full-body ultrasound scans
- Apple’s weird anti-nausea dots cured my car sickness
- Amazon employees say they’re facing termination for backing data center limits
- This Ghost in the Shell keyboard makes me want to activate the hundred spidery robot fingers inside my regular fingers
- This robotic self-driving toilet comes to you
