Embracer laid off more employees than Riot Games’ entire workforce.
Embracer Group says its headcount dropped by 27 percent over the past financial year, alongside closing 44 studios and 80 in-development projects. That’s 4,532 employees, more than Riot’s roughly 4,300-strong workforce.
Embracer CEO Lars Wingefors says the restructuring program is now “successfully finalized” and has “created a stronger foundation for improved profitability, cash flows and long-term value creation.”
