Embracer Reduced Workforce by 1,800 Employees Last Year

Sure thing, here it goes:

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So, here’s the scoop—Embracer Group, this European gaming company, just saw over 1,800 people, poof, gone in a year. Yeah, that’s massive, right? Stumbled across this info in their annual report (thanks to some keen-eyed folks at Game Developer who noticed it first).

Picture this—by the end of their 24/25 financial year, they had a whole lot fewer employees than the previous year. We’re talking precisely 1,857 less. And wait, the year before that? About 1,400 folks waved goodbye. It’s kinda nuts if you think about it.

But here’s a twist—not everyone who left was laid off. Some of the studios have been sold off, like Gearbox and Saber Interactive. Interesting way to “restructure,” if you ask me. Maybe it’s all tied to some investment drama with Saudi Arabia’s Savvy Group that didn’t pan out. Or not. Who’s to say?

Anyway, things are definitely shaking up. Embracer is now breaking into three public companies. Go figure! And Lars Wingefors, the founder, isn’t the CEO anymore. Enter Phil Rogers from Square Enix. A real plot twist, huh?

Lars even penned a heartfelt letter to the shareholders. Said he’s glad to have worked with Phil and seems oddly optimistic about stepping down. He’s gonna focus on strategy stuff now. Basically, he’s saying: “I learned tons, the road’s been anything but straight, but hey, proud of where we are. The best is yet to come.”

So yeah, it’s been a whirlwind over there. Makes you wonder what’s next, right?