Embracer Faces Studio Closures Amid Consolidation Challenges
Embracer Group, a Swedish video game media holding, has started shutting down studios as part of its major internal restructuring, resulting in layoffs. Campfire Cabal, a studio founded last September, was among the first to be closed. The downsides of Embracer's consolidation strategy are becoming apparent, with concerns about managing its 131 internal studios and 15,000 staff worldwide.