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.
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.
Gearbox studio Lost Boys Interactive impacted by major layoffs
Lost Boys Interactive was founded in 2017, and was later acquired and expanded by Gearbox.
TimeSplitters studio Free Radical reportedly facing closure in December
TimeSplitters studio Free Radical has reportedly been confirmed to be facing imminent closure.
Star Wars: Knights of the Old Republic remake existence in contention
The long-in-development remake may not see the light of day.
Embracer Group has laid off 900 staff since June 2023 – and it's not over yet
Embracer Group began its company-wide restructure in June 2023, following the collapse of a major USD $2 billion deal.
TimeSplitters developer Free Radical reportedly facing closure
Free Radical was re-established just two years ago, but may already be in danger.
Embracer Group COO departs company after "rough" year
Egil Strunke served as the chief operating officer of Embracer Group for eight years.
Crystal Dynamics faces layoffs as Embracer Group cuts continue
The Tomb Raider studio is reportedly undergoing restructuring as Embracer Group looks to cut costs.
Embracer Group reportedly considering Gearbox sale, as layoffs continue
New reports have flagged Gearbox as the next studio to potentially depart the Embracer Group umbrella.