The New Zealand games industry generated NZD $434.4 million ($270.9 million) in the financial year ended March 2023, according to a survey by the New Zealand Game Developers Association.
07.12.2023 - 00:49 / videogameschronicle.com / Interactive
New World Interactive has become the latest studio owned by Embracer Group to suffer a round of layoffs.
In a statement issued to PC Gamer, Embracer’s Saber Interactive division confirmed that an unspecified number of jobs at the studio had been impacted by “restructuring changes”.
Embracer acquired Insurgency: Sandstorm developer New World Interactive through Saber in 2020. At the time, it employed 40 people at its Denver, US headquarters and 35 developers at a studio in Calgary, Canada.
“Saber can confirm there have been restructuring changes involving our New World Interactive subsidiary,” a spokesperson said. “This reorganization has unfortunately resulted in layoffs at the studio.
“We are working to fill existing open roles within Saber with individuals affected by these changes wherever feasible and we will be providing severance packages to those employees impacted.”
Embracer announced in June that it was implementing a restructuring programme which would involve the closure of studios and the cancellation of some projects.
It has since shut studios like Saints Row developer Volition and Campfire Cabal, while others have reportedly been put up for sale, such as Borderlands maker Gearbox, and more face closure, like TimeSplitters studio Free Radical Design.
Embracer has made over 900 layoffs since the restructuring plan was put in motion, with the cuts impacting studios including Crystal Dynamics, Beamdog, Zen Studios and Fishlabs.
The New Zealand games industry generated NZD $434.4 million ($270.9 million) in the financial year ended March 2023, according to a survey by the New Zealand Game Developers Association.
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Another studio has fallen afoul of Embracer Group's comprehensive restructuring plan, with an unknown number of layoffs being confirmed at New World Interactive, the developer behind the Insurgency series of tactical first-person shooters.
Sweden's Embracer Group has shut down Insurgency developer New World Interactive.
New World Interactive has been hit with layoffs amid Embracer Group's restructuring program.
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.
By Ash Parrish, a reporter who has covered the business, culture, and communities of video games for seven years. Previously, she worked at Kotaku.
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.