Embracer Group's Restructuring Leads to Layoffs at New World Interactive
Despite Rumors, Studio Remains Open with Continued Development on Insurgency: Sandstorm and Unannounced Projects
- Embracer Group continues its restructuring plan with layoffs at New World Interactive, the developer behind the Insurgency series.
- Although initial reports suggested the studio had been closed, Embracer subsidiary Saber Interactive confirmed that wasn't the case but did not disclose the number of layoffs.
- Embracer is working to fill existing roles within the company with impacted staff and assures that development will continue on Insurgency: Sandstorm and unannounced future projects.
- Over 900 staff have lost their jobs in what the company describes as an 'agonizing' but 'necessary' process.
- Embracer's restructuring follows the collapse of a $2 billion investment deal earlier this year and has resulted in widespread layoffs and studio closures.