Piranha

Embracer Group Layoffs: 7,800 Jobs Cut in 2 Years

Between 2023 and 2025, Embracer Group underwent a massive corporate restructuring that resulted in the loss of approximately 7,800 jobs, representing over 50% of its total workforce.

• Between 2023 and 2025, Embracer Group reduced its workforce by approximately 7,800 employees, cutting its total headcount by more than 50%.
• The restructuring involved the closure of 44 studios and the cancellation of 80 in-development projects, including major titles such as Deus Ex and TimeSplitters.
• The primary catalyst for the downsizing was the collapse of a $2 billion investment deal in May 2023, which left the company unable to service its debt after a period of rapid, over-leveraged expansion.