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Embracer lays off 50 more employees and may soon close resurrected TimeSplitters studio Free Radical Design, yet its CEO and board of directors still have their jobs and were 'discharged from liability for the financial year'

The fallout from Embracer's failed big-money investment deal continues.
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There's more bad news out of struggling gaming conglomerate Embracer: The company has confirmed that approximately 50 employees are being laid off from Chorus developer Fishlabs, and is also reportedly looking at closing TimeSplitters studio Free Radical Design completely.
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3D Realms and Slipgate Ironworks reportedly hit with layoffs as Embracer continues to cut

Apogee's Scott Miller, who had close ties to 3D Realms before the Embracer purchase, said at least half the company has been let go.
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It looks like more Embracer studios have been hit with layoffs. 3D Realms founder Scott Miller (via GamesIndustry), who doesn't work at the current incarnation of the studio but runs reborn indie publisher Apogee Entertainment, said on Twitter that "a lot of people, including core devs" at 3D Realms and Slipgate Ironworks have been put out of work.
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Delusions of grandeur.
 
www.neowin.net

More Embracer Group cuts revealed as Lost Boys Interactive hit with "massive" layoffs

Lots Boys Interactive, a game development studio with over 400 team members, got hit with what was called "massive" layoffs today as part of the continuing restructuring of the Embracer Group.
www.neowin.net www.neowin.net
The video game-themed company Embracer Group has continued its long, long period of restructuring into the new year. Today, one of their many game development studios, Lost Boys Interactive, got hit with what was described as "massive" layoffs by one of the team members that were affected.
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Now it seems the rumored new Deus EX game has been canceled.
www.bloomberg.com

Embracer Group Cancels ‘Deus Ex’ Video Game

The Swedish gaming company Embracer Group AB is canceling a video game in the beloved Deus Ex series after two years of development and will lay off a number of employees as part of an ongoing initiative to cut costs, according to people familiar with the moves.
www.bloomberg.com www.bloomberg.com
 
Is there anyone who will remain at all ? What kinds of games are they planning to do with this reduced staff ?
 
Business logic as Embracer will still own the IPs and can develop games at a different or new studio someday if they desire, or they could always end up selling the IP.
 
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Every time I see a new post by Couch in this thread I know it is more bad news. I was hoping Star Trek Inifinite would evolve into a great game but I guess this lowers the chance of that.
 
Couchpotato said:
Business logic as Embracer will still own the IPs and can develop games at a different or new studio someday if they desire, or they could always end up selling the IP.
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Yes, but they need experienced staff as well. I mean, they just can't cancel a project and then much later let it be done by people which were never involved with it in the first place. It's been done before, I know, but communications needs at least a few people to show newcomers where everything is going, like the conductor in a train.
 
Now they are trying to get a reputation equal to EA ?
 
What a shitty time to be working in the game industry right now.

As EA also just fired 5% of it's workforce.
www.gamesindustry.biz

EA cutting 5% of workforce

Electronic Arts today announced that it is laying off approximately 5% of its employees as it leans in on the parts of …
www.gamesindustry.biz www.gamesindustry.biz
 
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