Embracer Group, a Swedish holding company, has retained the rights to the Thief franchise while undergoing significant layoffs and restructuring, with nearly 1,000 employees losing their jobs. They recently announced Thief VR: Legacy of Shadow, which has raised concerns among fans about the direction of the franchise and the effectiveness of VR technology in enhancing gameplay. The reveal trailer showcased familiar mechanics but lacked innovation, leading to doubts about the company's understanding of the franchise and its audience.