Well, it seems after their recent spending spree and acquisitions, Embracer Group have realised the next best move is to close studios, lay off staff and cancel ongoing game development. Makes sense. Here are some snippets from the CEO's open letter..
Remember, these are the same people who acquired Square Enix Montreal and then shut it down a couple months later.
https://embracer.com/releases/open-letter-by-embracer-group-ceo-on-restructuring-program/
This morning we announced a restructuring program across the Embracer Group that will make us a leaner, stronger and a more focused, self-sufficient company.
Embracer currently engages close to 17,000 people and while that number will be lower by the end of the year, it is too early to give an exact forecast on this.
The actions will include, but not be limited to, closing or divestments of some studios and the termination or pausing of some ongoing game development projects.
Remember, these are the same people who acquired Square Enix Montreal and then shut it down a couple months later.
https://embracer.com/releases/open-letter-by-embracer-group-ceo-on-restructuring-program/