Embracer has now laid off 8% of staff

Sony has today confirmed around 900 PlayStation employees — or around eight per cent of its workforce — are being laid off in order to «future ready ourselves to set the business up for what lies ahead». As a result of the downsizing, PlayStation's own London Studio is being closed completely and Firesprite will be reduced in size. The staff reductions will also hit Naughty Dog, Insomniac Games, and Guerrilla Games. Some unannounced games have been cancelled.

Swedish gaming company Embracer Group AB will sell one of its largest subsidiaries, Saber Interactive, to a group of private investors in a deal worth up to $500 million (roughly Rs. 4,142 crore), according to a person familiar with the transaction.

Star Wars: Knights of the Old Republic remake developer Saber Interactive has reportedly left embattled parent company Embracer in a $500 million deal to become a privately owned company.

In Shakespeare's Anthony And Cleopatra, said famous woman says "Give to a gracious message an host of tongues, but let ill tidings tell themselves when they be felt." I.e., when you have good news you can go round the houses, but if you have bad news - like sending an all-hands email to the staff at EA to let them know that, less than a year after the last round of layoffs, a further 5% of them are getting booted - then you should just come out and say it as quickly and simply as possible.

Cloud Imperium Games has reportedly laid off an unknown number of staff.

is littered with mysteries for players to uncover, but one has stumped fans since the game launched into early access in 2023: the Artifact. The puzzle sphere has long confused survivors, especially those who managed to track down its various pieces and create the final item only to discover that its use was yet another enigma. Fortunately, after the 1.0 patch, dedicated fans have finally figured out what it does.

The open beta for the Xbox Series X/S version of Final Fantasy 14 has now started.

Game developer Build a Rocket Boy has unfortunately announced a number of layoffs, which will affect the developer globally. 

Embracer Group, the holdings company that spent years scooping up as many gaming properties and development teams as possible, has had to reduce its unsustainable size, cutting jobs, closing studios, and shelving projects. Last summer, the company announced its restructuring plan, and has now confirmed the figures pertaining to layoffs and more, and it's not pretty.

The Convergence mod for Elden Ring is out now, offering an «exhaustive overhaul» of the game.

The wave of layoffs that has happened over the past year in the video game industry is well-documented. Some of the biggest culprits are Embracer Group, which has laid off nearly 1,400 workers across several of its studios since the start of a restructuring program last July, and Microsoft, which laid off 1,900 developers across Xbox, Bethesda, and Activision Blizzard in January. After relative silence around these layoffs, leadership at both companies finally tried to offer more transparently into what happened.

If you’ve paid attention to gaming news throughout the first six weeks of 2024, you’ll know that one of the biggest ongoing stories is that there have been TONS of layoffs across the industry within those first six weeks. As we reported in January, there have already been over 5500 jobs lost so far, and in all of 2023, there were 10,000. Given other reports about layoffs, downsizing, restructuring, and so on, it will likely hit over 10K in losses before too long. That brings us to The Embracer Group because they are a company that has helped with those layoff numbers, but their CEO defends what they’ve done.