Despite a number of big name acquisitions, or perhaps because of said buyings, Embracer Group will be closing “a few” more development studios by the end of this fiscal year.
The gaming publishing giant’s fiscal year ends March 31st of next year, news from the company CEO Lars Wingefors via statements during their annual general meeting (via Game Developer).
“Ultimately we are making decisions to either restructure or downsize some teams, and there will be a few cases of closures,” Wingefors said. “It’s difficult and it takes time, but we announced this in June and now we’re at the end of September and we’re confident to deliver on the targets we set out for the end of the fiscal year.”
They have already made headlines in terms of closures when Volition, who had been in existence for 30 years, shut down just last month due to the failure of the Saints Row reboot.
There have also been rumors Embracer Group plans on selling off Gearbox just two years after they fully acquired the company back in 2021.