AppWizard
June 20, 2025
Embracer Group has reduced its workforce by over 1,800 employees, specifically a decrease of 1,857 compared to the previous fiscal year. This follows approximately 1,400 job losses in the prior year. The company has also divested several studios, including Gearbox and Saber Interactive. Embracer is planning to split into three publicly-traded entities, and founder and CEO Lars Wingefors will step down, with Phil Rogers taking over as CEO. Wingefors will become executive chairman of the Board, focusing on strategic initiatives, mergers and acquisitions, and capital allocation.
