Embracer’s restructuring continues.
Tomb Raider developer Crystal Dynamics is the latest subsidiary of Embracer Group to be hit with cuts, with the studio announcing yesterday on Twitter that ten staff had to be let go “due to an internal restructuring”.
And, at Embracer’s annual general meeting (which you can watch on YouTube), CEO Lars Wingefors has stated that the company will need to “continue making tough decisions” in order for the company to become “more cost-efficient” (thanks, Game Developer). Wingefors reiterated that these cuts were projected back in June, and is “confident to deliver on the targets we set out for the end of the fiscal year,” which means the cuts will continue until at least March 2024.
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