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29.11.2023 - 12:19 / techradar.com / Phil Rogers
Around 50 job cuts are expected to be made at German studio Fishlabs, as Embracer Group’s restructuring program continues.
Fishlabs — which is owned by Deep Silver, a division of Embracer-owned company Plaion — is arguably best known for its work on theGalaxy on Fire series, but it also produced the Nintendo Switch ports of both Saints Row: The Third and Saints Row 4: Re-Elected. In a press release shared yesterday (via WebWire), the vice president of worldwide studios and talent at Plaion, Lars Janssen, said that “We are facing a tough moment together.”
He continued: “Each individual at our Fishlabs studio has been more than just a team member; they’ve been a vital part of our creative journey, bringing not only their skills but also their passion and dedication to every project. We’re truly thankful for the energy and heart they’ve invested in our collective endeavors. This painful decision is a reflection of the broader challenges in the gaming industry, not the incredible talents or efforts of our team.”
The job cuts at Fishlabs are the latest in a long line of layoffs made at Embracer Group this year due to its restructuring program. As of the end of September, the company had cut around five percent of its workforce, which amounted to 904 job losses. However, a financial report from earlier this month stated that restructuring “is expected to continue through to the end of the current fiscal year.”
Speaking about the layoffs, Embracer Group’s interim chief strategy officer, Phil Rogers, recently said that although the human impact is “agonizing,” restructuring is “how we win” and is “a necessary thing for us to hit our new and needed goals.”
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Embracer Group’s internal restructuring program has been a brutal one that has resulted in mass layoffs across a number of studios owned by the company, and the company is continuing to make cuts. The latest studios that have been hit with layoffs are 3D Realms and Slipgate Ironworks, both of which were acquired in 2021 and operate under the Saber Interactive banner.
3D Realms and Slipgate Ironworks are the latest studios to be affected by Embracer's restructuring program.
Embracer Group’s brutal company-wide cutbacks are continuing, and Free Radical Design is the latest studio to suffer the chopping block. Reports indicated last month that Embracer was considering shuttering the TimeSplitters studio just two years after its re-establishment, while later in November, it emerged that Free Radical was facing closure before Christmas.
New World Interactive has been hit with layoffs amid Embracer Group's restructuring program.
By Ash Parrish, a reporter who has covered the business, culture, and communities of video games for seven years. Previously, she worked at Kotaku.
New World Interactive, a subsidiary of Saber Interactive, is seeing layoffs. The studio is the latest one under the overall Embracer Group umbrella to face layoffs as part of the company’s major restructuring.
Yesterday, Nick Calandra first circulated the rumor that the Embracer Group had closed down New World Interactive. The rumor was then corroborated by Insider Gaming, although a Saber Interactive spokesperson later clarified the studio was being restructured, not shut down.
There's more bad news out of struggling gaming conglomerate Embracer: The company has confirmed that approximately 50 employees are being laid off from Chorus developer Fishlabs, and is also reportedly looking at closing TimeSplitters studio Free Radical Design completely.
It’s been a tough ol’ year for people working in the corporate video game world. Publishers and studios have been laying people off at an alarming rate. Embracer Group is just one example, and it’s recently been suggested that the holding company may be closing down Free Radical Design.
Unity has confirmed plans to cut 265 jobs or 3.8% of its global workforce as part of a company “reset”.
2023 has been a turbulent year for Embracer Group, with a number of its many studios and projects having been affected by widespread layoffs and an internal restructuring initiative. Now, another studio under the company’s umbrella has been hit with significant layoffs.