Embracer Group
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Embracer Group cut 27% of its workforce in the last year
Embracer Group's latest financial reports have revealed significant cuts to its workforce.
![Embracer Group CEO Lars Wingefors](https://www.gameshub.com/wp-content/uploads/sites/5/2023/06/embracer-group-lars-wingefors.jpg?w=310)
Embracer Group CEO says he deserves "a lot of criticism"
Wingefors has spoken openly about his role at Embracer Group, following the public announcement of the company's split.
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Embracer Group will split into three companies by 2025
Embracer Group will split off to become: Asmodee Group, Coffee Stain & Friends, and Middle-earth Enterprises & Friends.
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Take-Two has purchased Gearbox from Embracer Group for US $460 million
Take-Two has officially purchased Gearbox, after months of speculation.
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Saber Interactive officially splits from Embracer Group
Saber Interactive is no longer an Embracer Group studio, following a major buyout deal.
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Borderlands developer Gearbox reportedly set to leave Embracer Group
The future of Gearbox will reportedly be revealed in March 2024.
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Embracer Group reportedly sells Saber Interactive for USD $500 million
Saber Interactive will reportedly become a privately-owned company in future.
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Embracer Group cancelled 29 games and laid off 1,387 people in late 2023
The cuts were part of a company-wide restructure program initiated in June 2023.
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Gothic studio Piranha Bytes confirms it's in a "difficult situation"
Piranha Bytes is seemingly facing closure as part of Embracer Group's ongoing restructure.
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Gearbox studio Lost Boys Interactive impacted by major layoffs
Lost Boys Interactive was founded in 2017, and was later acquired and expanded by Gearbox.