Embracer extended, now it’s extinguishing
Embracer has reduced its workforce by over 1800 people in the past year
Submitted 3 days ago by Agent_Karyo@lemmy.world to games@lemmy.world
https://www.eurogamer.net/embracer-has-reduced-its-workforce-by-over-1800-people-in-the-past-year
Comments
zecg@lemmy.world 3 days ago
supersquirrel@sopuli.xyz 3 days ago
MyDarkestTimeline01@ani.social 3 days ago
As much as that blows, it does make sense. They bet everything on being bought out and when that fell through they were massively overextended.
Agent_Karyo@lemmy.world 3 days ago
Except for the fact that the CEO wasn’t fired even though he made a comically lazy and incompetent mistake (going on a buying spree before confirming that the investment would go through).
ampersandrew@lemmy.world 3 days ago
Wasn’t he fired? Or “stepped down” 9-10 days ago? That’s like the public company version of being fired.
MyDarkestTimeline01@ani.social 3 days ago
Buddy, this isn’t the navy. The captain isn’t going down with the ship. As much as we would all want or hope for them to. If anything, them chopping their workforce down will be seen as them improving the value of the company. The investors are who they actually answer to. And they are going to want them to make them money before they pull out all their investments and crater all those studios.
VagueAnodyneComments@lemmy.blahaj.zone 3 days ago
embracer and their ilk ruined games development for everyone who just wanted a job and not to have to put together an entire indie studio
the damage they’ve done to the industry and the middle class is incalculable in its immensity
there are fewer good games and drastically fewer good jobs because of Embracer
Walican132@lemmy.today 3 days ago
Wow I’m not familiar with them at all. Where can I go to read some not fluff pieces on them?
VagueAnodyneComments@lemmy.blahaj.zone 3 days ago
just look up their acquisitions and then look up what happened to those studios
en.wikipedia.org/wiki/Embracer_Group#Rebranding_a…