Tag: Restructuring
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Square Enix Massive Layoffs Amid Japanese Consolidation
Square Enix, a prominent player in the gaming industry, is witnessing significant layoffs today, potentially affecting more than 100 individuals. This massive shift is part of a broader strategy by the company towards consolidating its publishing arm and intensifying its development efforts on home turf, Japan. The downsizing news has been mutually confirmed by public…
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Reportedly, Humble Games is Facing Layoffs and Restructuring
Humble Games, the publishing division of Humble Bundle owned by Ziff Davis via IGN Entertainment, is reported to be implementing layoffs amid a company restructuring. Humble Games’ business developer, Nicola Kwan, took to LinkedIn to confirm 36 employees were let go, indicating possible shutdowns within the company. Nonetheless, in a statement to GamesIndustry.biz, the company…
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Since the start of their “restructuring”, Embracer has dismissed 8% of their worldwide employees.
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”…