Employees of the Polish Flying Wild Hog studio have organized a trade union that works under the auspices of Związek Pracowników Branży Gier (ZPBG), the union of Polish gaming industry workers. This is the first affiliated studio of the Embracer Group in the ranks of ZPBG.

Embracer Group shared its financial results for October-December 2023. In the report, the Swedish company also said that it laid off several hundred more people during the quarter as part of the restructuring.

Layoffs continue at Embracer Group’s subsidiary studios. This time, the Argentine studio Nimble Giant Entertainment, which recently released the 4X strategy Star Trek: Infinite, has joined the growing list of “victims” of restructuring.

The year 2023 was remembered by the gaming industry for massive cuts. The wave of layoffs affected both indie studios and corporations: Embracer Group, CD PROJEKT, Ubisoft, Telltale Games, Blackbird Interactive, Ascendant Studios and many other video game-related companies announced layoffs. According to the portal videogamelayoffs.com Since January, 10,466 specialists have lost their jobs.

Today, the British studio Free Radical Design has closed its doors forever. Dozens of employees told about it on social networks.

This year, New World Interactive Studio turned 13 years old. It is quite possible that she will not live to see her next birthday.

The Swedish Embracer Group holding continues to close some subsidiaries and reduce staff in others. The list of studios that suffered from the company’s restructuring included Free Radical Design and Fishlabs.

Embracer Group has published a financial report for July-September 2023. In it, the Swedish company reported that for the first time in history it fired about 900 people in a quarter — this is 5% of the staff. Despite everything, she is confident that as a result of the restructuring, she will only become stronger.

DIGIC Pictures, specializing in cinematics for games, has cut 10% of its employees. This is reported by Forbes Hungary.

Two more studios owned by Embracer Group suffered from the restructuring of the holding. This time the layoffs affected the American Cryptic Studios and the Hungarian Zen Studios.

On October 5, Standard & Poor’s excluded the Swedish Embracer Group holding from several stock indexes, among which were the S&P Global 1200 and S&P Europe 350. They include large public companies whose shares are considered by Standard & Poor’s to be the most liquid and reliable for investment.

Embracer Group shared information about the sales of three games published by its “daughter” Coffee Stain. In particular, the company reported that Valheim survival has overcome a new major milestone — in two and a half years, the game has been bought 12 million times.

At the annual meeting, Embracer Group told how old its shareholders are. According to her calculations, almost 700 of them were not even 11 years old.

Restructuring in the Embracer Group will lead to the closure of a number of studios, the head of the holding, Lars Wingefors, said at the annual meeting. He did not specify which studios would be affected.

On September 21, the Embracer Group held its annual meeting. During the question and answer session, the head of the Swedish holding company Lars Wingefors called the amount that the company spends on commissions for Steam, PlayStation Store and other gaming stores “insane”.

Layoffs in gaming companies continue. This time it became known about the cuts in the Beamdog studio, which released reissues of classic RPGs like Planescape: Torment and two parts of Baldur’s Gate.

Bloomberg has published a letter from Gearbox Entertainment’s director of public Relations Dan Hewitt to the company’s employees. It confirms that the Swedish holding Embracer Group can sell the authors of Borderlands, and also lists other scenarios.

Embracer Group may sell Gearbox Entertainment, sources tell Reuters. The company turned to consultants after it received a purchase offer from “third parties”.

Embracer Group continues restructuring. The company laid off some of the employees at its subsidiary Rainbow Studios.