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Embracer says 1,387 jobs and 29 games lost isn’t enough
Embracer's latest financial report warns that the company's restructuring efforts aren't over yet, despite the number of jobs cut.
CEO Lars Wingefors said in the financial report, “As part of the restructuring program, Embracer still has a few larger structured divestment processes ongoing that could strengthen our balance sheet and further reduce capex. At the time, Wingefors said, “Across the group, we are now initiating multiple actions to strengthen our cash flow generation and leverage our portfolio of IPs to become a stronger company and setting out on a stable future to build even greater games to the benefit of gamers and fans across the globe.” Apply to speak here Embracer said of the layoffs in the press release, “In a group-wide effort, our companies and studios have had to make difficult decisions, particularly on having to part ways with team members.
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