Embracer cut ties with more than 4,500 employees and cancelled 80 projects over the past year
Embracer cut ties with more than 4,500 employees and cancelled 80 projects over the past year
The company reduced its headcount by 27 percent in the space of 12 months.
Is cut ties the new corpo lingo for saying fired??
Good catch. Corporate speak revolves around saying shitty things but spinning them in a positive way.
See also, right sizing, or realigning with market trends.
never sell your studio or game to a publisher. I hope every one understands that this time around.
It's not that simple for everyone. Some of the studios that wound down in the last year did so because they couldn't find funding from publishers, due to the general lack of investment. It's not easy to run a games company with no outside investment whatsoever.
That's easy for us to sit back and say on some internet forum. When a large company exec is sitting in front of you, waving a massive pile of money at you, it's a hell of a lot harder. Especially if your company is struggling or you just really want to focus on making games and leave the business side of things to someone else.
Yes but, money now!
Embracer extends then extinguishes.
"Cut ties with," as if the studios were made independent. You shitcanned them. You fired four and a half thousand people, because of unrelated gambling problems.
Jesus, didn't know they controlled the devs behind DRG. Their newest spinoffs looked very....generic. This probably explains why. :/
Really dislike games companies being listed on the stock market. Seems to corrode them from the inside out.
Really dislike
gamescompanies being listed on the stock market. Seems to corrode them from the inside out.FTFY.
I don't think Embracer had any say on drg's game development. If they did, well they were obviously more focused on buying too many game companies to care much about development.