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Embracer laid off more people than Riot Games employs.
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.”
Embracer Group Interim Report Q4, January-March 2024
[Embracer Group]
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