Embracer confirms 900 employees laid off in previous financial quarter ...Middle East

Embracer co-founder and CEO Lars Wingefors has confirmed 900 employees were laid off in the past financial quarter, representing five percent of the workforce. The company is in the midst of a "comprehensive restructuring programme" it announced in June to close studios and cut jobs, to transform the company into "a leaner, stronger, more focused and cash self-sufficient company". In the company's latest financial report, Wingefors provided an update on restructuring progress, acknowledging the company's "first ever quarter-over-quarter reduction in headcount". Read more

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