Embracer CEO Who Oversaw High-Profile Acquisitions, Studio Closures, and Thousands of Layoffs to Step Down Later This Year
Lars Wingefors, founder of Swedish gaming company Embracer, is stepping down from his CEO role. Current deputy CEO Phil Rogers will assume the position from August 2025.
Lars Wingefors to step down as Embracer Group CEO
Eidos and former Square Enix executive Phil Rogers will take Wingefors' place in August 2025.
Embracer Has 76 Games Coming Out Soon, But One Kingdom Come 2-Sized AAA Game Is Delayed
Embracer Group, the Swedish gaming behemoth that employs thousands of people around the world, has announced that it plans to launch 76 more games in the semi-near future. The company…
Fable Co-Developer Eidos Montreal Lays Off Staff, The Latest Cuts From Embracer
The trend of layoffs in the video game industry continues, as game developer Eidos Montreal--which is co-developing the new Fable--has announced that it's cutting 75 jobs.In a memo posted on…
Kingdom Come: Deliverance 2 Does the Business for Embracer as It Nears 2 Million Copies Sold
Embracer has hailed the success of Kingdom Come: Deliverance 2, confirming it is near the 2 million sold mark.
Satisfactory 1.0 Did Well, The Lord of the Rings: Return to Moria Did Okay, and Disney Epic Mickey: Rebrushed Did Poorly, Embracer Says
Controversial games and entertainment company Embracer has provided a financial update and in it delivered a verdict on its recently released games.
Metro Dev 4A Games to Remain With Embracer After Space Marine 2 Dev Saber Decides Against Buying the Studio
4A Games, the developer of the Metro series, is set to remain within Embracer Group after Warhammer 40,000: Space Marine 2 developer Saber Interactive declined to exercise its option to…
Gothic, Risen, and Elex Dev Piranha Bytes Reportedly the Latest Embracer Studio to Shut Down
The closure of Embracer-owned studios continues — this time it’s developer Piranha Bytes that’s reportedly shut down. Piranha Bytes is behind the Gothic, Risen, and Elex series.
New Red Faction Game Was Canceled After Embracer Layoffs – Report
According to a new report, a Red Faction sequel was in development at one point before the project was canceled during Embracer's months-long period of layoffs. While this new game…
Embracer Studio Was Working on a Brand New Red Faction Game Before Layoffs
A Red Faction sequel was in the works at the Embracer-owned developer of Galaxy On Fire and Chorus before it was hit by layoffs, according to a new report.