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After overseeing thousands of layoffs and numerous studio closures, Embracer CEO Lars Wingefors is stepping down
Lars Wingefors, the Embracer Group CEO who oversaw thousands of job cuts and a significant number of studio closures fo…
Lars Wingefors, the Embracer Group CEO who oversaw thousands of job cuts and a significant number of studio closures following a turbulent few years for the company, has announced he's stepping down from his role. He oversaw a rapid period of expansion at Embracer, with the company embarking on a massive acquisition spree, snapping up the likes of Gearbox, Saber Interactive, Crystal Dynamics, and more - including the €2.75bn purchase of board game publisher Asmodee - over a number of years. Following the deal's collapse, Wingefors announced a "comprehensive restructuring program" that ultimately resulted in thousands of employees losing their jobs, while a substantial number of studios were either divested or outright closed.
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