Embracer Group To Make Severe Cutbacks After Absurd Spending Spree

Jobs, studios, and games all on the line.

Embracer Group has announced that it is entering a ‘restructuring program’ with a view to becoming a “leaner, stronger and a more focused, self-sufficient company”. In other words, it’s about to undertake some pretty substantial cost-cutting measures after spending the last six years or so focusing on widespread studio acquisitions.

In an open letter penned on the official Embracer Group website, CEO Lars Wingefors states that the company’s actions will include, but not be limited to, the closure or divestments of some studios and the termination or pausing of some ongoing game development projects. It will also decrease spending on ‘non-development costs’ such as overhead and other operating expenses.

Read the full article on nintendolife.com