Embracer Group has reduced its workforce by over 1800 people in the past year.
  • MyDarkestTimeline01@ani.socialEnglish
    51·
    11 days ago

    As much as that blows, it does make sense. They bet everything on being bought out and when that fell through they were massively overextended.

    • Agent Karyo@lemmy.worldOPEnglish
      191·
      11 days ago

      Except for the fact that the CEO wasn’t fired even though he made a comically lazy and incompetent mistake (going on a buying spree before confirming that the investment would go through).

      • ampersandrew@lemmy.worldEnglish
        6·
        11 days ago

        Wasn’t he fired? Or “stepped down” 9-10 days ago? That’s like the public company version of being fired.

      • MyDarkestTimeline01@ani.socialEnglish
        31·
        11 days ago

        Buddy, this isn’t the navy. The captain isn’t going down with the ship. As much as we would all want or hope for them to. If anything, them chopping their workforce down will be seen as them improving the value of the company. The investors are who they actually answer to. And they are going to want them to make them money before they pull out all their investments and crater all those studios.