There is probably no company more emblematic of the workplace chaos that's gripped the videogame industry than Embracer. After rapidly expanding into a gaming behemoth, the studio went off a cliff in 2023 after the collapse of a plannedwith Saudi Arabia's Savvy Games Group.
Karch said the failure of the Savvy Games Group deal meant Embracer was forced to make"significant changes," but also pointed a finger at other commonly-cited factors for layoffs and closures, including rising interest rates that made it more difficult to raise money and"a lack of patience for companies that had investments that were long term into video games.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: