Saints Row owner Embracer announces "comprehensive restructuring program" to close studios, cut jobs
Saints Row owner Embracer announces "comprehensive restructuring program" to close studios, cut jobs
Embracer has announced a "comprehensive restructuring program" which will result in studio closures, project cancellati…
Crystal Dynamics was confirmed to be safe, but otherwise Embracer hasn't mentioned which projects or which studios are going to be seeing cuts. Worrying news for a company which has made so many acquisitions in so little time, and which has only released a handful of notable games.
I was wondering when they were gonna stop eating every single studio, I guess they tried to brute force their way to profit and are now realizing it was a terrible plan
God, what a strange company, their Wikipedia gave me a headache. Apparently THQ Nordic is now Austrian?
Yes .... and Swedish. There were two companies named "THQ Nordic" one holding-company in Sweden and their publishing arm in Austria.
The Swedish company got renamed Embracer but the Austrian arm stayed as THQ Nordic.
What was the point of all those acquisitions then? This is horrible
The main purpose was to acquire all the IPs.
I imagine that Volition is on the chopping block.
Embrace extend extinguish.
Really worrying that they wouldn't announce which studios will get hit. The newest Saints Row was a bomb, but the rest of their companies seem to be doing pretty well. It would be annoying if good studios get laid off from this...
Well fuck.
The restructuring will be overseen by Saber boss Matthew Karch and former Square Enix USA boss Phil Rogers, who have been tapped by Wingefors in new executive roles.
That doesn't inspire confidence after how Square Enix studios in the US were run.