Dungeons & Dragons and Magic: The Gathering owner Hasbro is laying off 1,100 employees.
29.11.2023 - 12:45 / pcgamesinsider.biz / Lars Wingefors / Lays Off
German developer Fishlabs is the latest Embracer outfit to experience job cuts.
As reported by VGC, 50 members of staff are losing their jobs at the studio. The news came from Embracer Group boss Lars Wingefors. Fishlabs employs in the region of 120 people, meaning that around 40 per cent of the studio is being laid off.
The developer was formerly Deep Silver Fishlabs but came under the Embracer umbrella when its parent company, Koch Media, was acquired. The firm rebranded as Plaion in August 2022.
“Despite exhaustive efforts to avoid downsizing, the lack of approval and therefore financing for the studio’s unannounced project (also referred to as 'Project Black') has made this step unavoidable,” a Plaion spokesperson said.
“The remaining team will continue to work on the existing co-development projects in partnership with other Plaion and Embracer Group studios.
“We understand the profound impact of this decision on our talented team at Fishlabs and are committed to handling this transition with the utmost respect and care. To support those affected, Plaion is committed to providing comprehensive support, including severance packages as well help with career transition services.”
This is the latest set of layoffs in Embracer's stable. The company let over 900 members of staff go between July and September of this year, with more cuts yet to come.
Dungeons & Dragons and Magic: The Gathering owner Hasbro is laying off 1,100 employees.
One more grim notch for the 2023 games industry meat grinder. Australian indie studio League of Geeks is laying off over half its staff and pausing development «indefinitely» on early access starship management game Jumplight Odyssey.
Insurgency developer New World Interactive are the latest Embracer Group-owned studio to lay off staff, as part of the Swedish conglomerate's efforts to reduce their debts after a series of reckless studio acquisitions. It's not clear how many people have been affected, but New World Interactive's direct corporate parent Saber Interactive have revealed that one unannounced project has been cancelled.
Saber Interactive, a division of Embracer Group, has confirmed that it has laid off employees at its New World Interactive studio, the developer of Insurgency: Sandstorm.
Electronic Arts has implemented a round of layoffs at F1 developer Codemasters.
Phoenix Labs, the developer behind recent indie success Fae Farm, has laid off 34 staff.
Phoenix Labs this week had its second round of layoffs this year, as reported by a number of now-former employees on LinkedIn.
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.
Unity has reportedly shed more jobs, as the company has laid off 265 workers today as part of a «company reset.» The move also terminates the partnership that Unity had been in with Weta FX, though crucially, Unity retains its ownership of the Weta Digital tools it purchased back in 2021.
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.
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Embracer Group’s restructuring efforts have hit another of the company’s studios. This time, around 50 employees have been let go from Fishlabs, a studio known for Galaxy on Fire and bringing Valheim to Xbox.