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Embracer’s TimeSplitters studio Free Radical faces closure | VGC (www.videogameschronicle.com)

submitted 2 years ago by ampersandrew@kbin.social to c/gaming@kbin.social

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Facing closure, potentially unless Embracer finds a buyer, but a handful of devs have already been spotted looking for work, so layoffs have started.

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[–] Computerchairgeneral@kbin.social 1 points 2 years ago (1 children)

Another Embracer casualty. It's crazy how studios are getting gutted left and right because a single business deal fell through. I wonder how many studios Embracer is going to shut down before they finally finish "restructuring"?

[–] ampersandrew@kbin.social 1 points 2 years ago

I think it's way beyond that business deal by now. They're not responsible for the layoffs at Sony, Microsoft, EA, or Epic, after all. Something ended the money party that everyone in the industry staffed up for, and that something might be inflation reducing consumer spending, the crypto crash, higher interest rates making borrowing money more expensive, something else entirely, or a little bit of all of that.