What’s happening at Embracer: $166 million net loss, 22 game write-downs, 1,387 layoffs, and focus on own IPs
Embracer Group has released its financial report for the third quarter ended December 31, 2023. The Swedish holding company is approaching the final stage of its restructuring program, which has already resulted in nearly 1,400 job cuts, while also making adjustments to its game development strategy.