Embracer Group announces restructure, layoffs and studio closures confirmed
Tale as old as Time Embracer Group, the holding company that has spentrecent years acquiring studios and publishersfrom across the globe, has announced that it is preparing to enter a phase of restructure, which is expected to result in the closure of numerous studios within the company’s portfolio. “Today we announce a comprehensive restructuring program that will enable us to realize untapped potential in Embracer Group and better optimize the use of our resources”begins a statement by Embracer CEO Lars Wingefors....