Employee Reduction
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Bungie, the Destiny 2 developer, has revealed plans to lay off 220 staff members from July 31, 2024, citing the rising cost of development, industry shifts, and economic conditions as primary reasons. Although this decision was difficult to make, the company asserts it was necessary in order to focus on developing Destiny and Marathon. In…
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Embracer has outlined extensive debt restructuring efforts in their interim financial results for Q3 (October-December 2023), having laid off 8% of their global workforce since June 2023 and reducing the number of game projects in development from 224 to 179. CEO Lars Wingefors portrayed the period as “a stable quarter” with Embracer being “on track”…