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Here's the human cost of Embracer's restructuring programme
Embracer's headcount has plummeted by 4532 employees over the past financial year, while 44 studios have been closed an…
This news comes as part of Embracer's latest quarterly financial report, in which CEO Lars Wingefors states the company's restructuring programme is now "successfully finalised" and has "created a stronger foundation for improved profitability, cash flows and long-term value creation". Each will, in Wingefors' words, "boast sufficient scale, coherent strategies and a clearer focus, paving the way to unlock value in our high-quality assets". The last financial quarter saw a drop of ten percent in sales, owing to both the loss of studios and the "softer-than-expected performance" of Alone in the Dark and Outcast: A New Beginning.
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