Embracer
Embracer Has Laid Off 8% of Its Employees and Isn’t Done Yet With Layoffs Despite Record Quarter – Beragampengetahuan
Embracer announced its financial results for the third quarter of the fiscal year 2023/24, related to the period between October and December 2023. We hear that both results are a record high for Q3 for the company, just above expectations, driven by strong performance for Asmodee, Middle-earth Enterprises, and the mobile businesses. As mentioned in […]
MX vs ATV studio Rainbow Studios impacted by Embracer layoffs – Beragampengetahuan
Embracer Group’s ongoing restructuring efforts have seemingly resulted in layoffs at MX vs ATV Legends developer Rainbow Studios. Linkedin posts from multiple former Rainbow employees indicate the Phoenix-based studio has been downsized as Embracer attempts to steady the ship after declaring its M&A era is officially over. Back in June, the free-spending Swedish conglomerate announced […]