January 2023 saw Microsoft taking a swing at the Nintendo Direct formula with its own Xbox Developer Direct, where it showcased the likes of Redfall, Forza Motorsport, and Minecraft Legends, along with announcing and shadow dropping Hi-Fi Rush. Interestingly, it seems like the company might have something similar planned for 2024 as well.
3D Realms hit with the latest round of Embracer layoffs
15.12.2023 - 02:31 / destructoid.com
According to 3D Realms founder Scott Miller, the Danish development company is the latest to be hit with layoffs from parent company Embracer Group. Miller confirmed that several sources from the company told him that at least half of the company had been laid off. 3D Realms has had quite a few recent releases including Ion Fury: Aftershock, RIPOUT, The Kindeman Remedy, and Kingpin: Reloaded. Embracer Group acquired 3D Realms in 2021.
This continues the almost weekly trend of Embracer Group enacting layoffs, with over 900 employees losing their jobs just this year at the hands of Embracer. According to an interim report by Embracer, the layoffs are due to a reduced number of projects across the board. All while posting a 13% increase in net sales this year.
Of course, Embracer Group is just a piece of the story. According to VideoGameLayoffs.com which tracks layoffs across the industry, over 9000 jobs have been lost this year. From small indie companies to massive industry giants, it’s been a rough year for the industry all around.
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