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alessandro@lemmy.ca to PC Gaming@lemmy.ca · 1 year ago

Embracer Canceled 29 Games And Laid Off 1,400 People In Just The Last Six Month

www.gamespot.com

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Embracer Canceled 29 Games And Laid Off 1,400 People In Just The Last Six Month

www.gamespot.com

alessandro@lemmy.ca to PC Gaming@lemmy.ca · 1 year ago
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"Our overruling principle is to always maximize shareholder value in any given situation."
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  • InEnduringGrowStrong@sh.itjust.works
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    1 year ago

    Maybe don’t let the same venture capitalists control that many studios and games, idk.

    • GentlemanLoser@ttrpg.network
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      1 year ago

      How would that work in reality?

      • RandomLegend [He/Him]@lemmy.dbzer0.com
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        1 year ago

        Just don’t immediately sell out as soon as you become successful as a game studio…

        • GentlemanLoser@ttrpg.network
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          1 year ago

          Well sure but that’s not what was proposed in the top level comment

  • Die4Ever@programming.dev
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    1 year ago

    During the July-December period, Embracer said the number of gaming projects it had in the works fell from 153 to 124, according to VGC. Total headcount was cut by 8%, or 1,387 jobs. These cuts includes 871 game developers at internal studios, 264 at external studios, and 252 internal staff working on game projects as non-developers.

    Wow that’s a lot of in progress games

    • paultimate14@lemmy.world
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      1 year ago

      They own over 76 studios, most of which I’ve never heard of and a lot don’t even have Wikipedia lages. Just speculating without taking the time to do proper research, my guess is there are some mobile games included.

  • Gamma@beehaw.org
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    1 year ago

    More like Extinguisher Group

    • SurvivalMariner@lemm.ee
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      1 year ago

      Guessing Embracer are missing the Extend part.

  • Die4Ever@programming.dev
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    1 year ago

    deleted by creator

    • ThrowawayOnLemmy@lemmy.world
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      1 year ago

      The problem was they bought too many game companies too fast, and now they can’t afford to develop all this stuff at the same time.

      It was a bad business decision by leadership, and now the grunts will pay for it.

      • SurvivalMariner@lemm.ee
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        1 year ago

        Or they bought them to milk the good parts and pick on the carcasses to fund the takeovers?

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