
Embracer Layoffs Lead to Cancellation of New Red Faction Game
Embracer-owned Fishlabs was developing a new Red Faction game and a sci-fi Metroidvania before both projects were canceled due to layoffs in 2023. Despite creating a visual prototype and a "fake trailer" for the new Red Faction, the game was not greenlit. Embracer's financial struggles, exacerbated by a failed $2 billion deal, led to significant restructuring, job losses, and the cancellation of multiple projects.

