Sony is reportedly looking at more Insomniac layoffs, and worse.
05.12.2023 - 17:47 / theverge.com
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, developer of Day of Infamy and the Insurgency series, is the next studio affected by Embracer Group layoffs. Earlier today, there were unconfirmed rumors that Embracer Group had completely shuttered the studio, but in an email to The Verge, New World’s parent company, Saber Interactive, clarified the studio would remain active.
“There have been restructuring changes involving the New World Interactive subsidiary,” wrote Arman Teimouri, head of public affairs, in an email to The Verge. “Unfortunately, this reorganization has resulted in layoffs at the studio.” Saber did not share how many or what percentage of employees were let go.
The statement also said that the company was working to place affected employees elsewhere within Saber Interactive and that development would continue on Insurgency: Sandstorm as well as other as yet unannounced projects.
Studios under the Embracer umbrella have been devastated by layoffs and project cancellations. Earlier this year, the Swedish holding group failed to secure a $2 billion investment, reportedly from the Saudi-owned Savvy Games Group, after Embracer had gone on a buying spree, gobbling up game studios, popular game franchises, Dark Horse Media, and the IP rights to The Hobbit and Lord of the Rings.
Immediately after the deal collapsed, Embracer announced that it would undergo restructuring involving the shuttering of some studios, layoffs at others, and project cancellations galore. The company has already closed Campfire Cabal and Saints Row developer Volition Games and had layoffs at Crystal Dynamics and Beamdog. The company is also looking to sell Borderlands developer Gearbox Entertainment and could possibly close TimeSplitters developer Free Radical Design. Overall, over 900 employees have been let go from the company, not including the layoffs today at New World Interactive.
/ Sign up for Verge Deals to get deals on products we've tested sent to your inbox daily.
Sony is reportedly looking at more Insomniac layoffs, and worse.
Swedish production company Studios Extraordinaires and developer Fallen Leaf have announced a TV and film adaptation of Fort Solis.
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.
It appears that, as first rumored in November, TimeSplitters studio Free Radical Design has been closed. The studio's website has been scrubbed and now bears a simple message saying «404 Company not found :(,» while multiple employees have said that today was their last day.
Destiny 2 developer Bungie are staring down the barrel of a full Sony takeover if forthcoming expansion The Final Shape doesn’t meet sales expectations, according to several anonymous current and former employees. The same sources also claim that the studio are prepared to cut staff again to meet their financial obligations as a Sony subsidiary, having laid off a significant proportion of their workforce in November.
New World Interactive has become the latest studio owned by Embracer Group to suffer a round of layoffs.
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.
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.
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.