Embracer Group has launched its fiscal report for Q3 2023, and whereas a lot of it’s operational info for shareholders, it does present some perception into the place they’re in regard to the vicious restructuring that has resulted in an amazing variety of misplaced jobs.

Headlining it is a 4% development of gross sales, however this development isn’t as a consequence of their PC/Console video games, which has really contracted 5%. As a substitute, that is largely due to their tabletop video games and “Leisure & Providers,” whereas cellular video games additionally noticed a small enhance.

Nevertheless, extra grim is their headcount. From March 2023 as much as December 2023, their headcount has been lowered by 1,383 or, because the report says, about 8% of the whole. These cuts are stated to have the target of “reworking Embracer right into a leaner, stronger, extra centered and money self-sufficient firm.”

Moreover, Embracer’s report says that the reductions have “a deal with informing affected staff first, after which carried out with compassion, respect and integrity in the direction of these affected.” It hasn’t actually sounded that approach, however positive.

Talking of compassion, the report says: “As a part of the restructuring program, Embracer nonetheless has just a few bigger structured divestment processes ongoing that would strengthen our steadiness sheet and additional scale back capex.” In accordance with the report, the restructuring is in “the ultimate stretch” and that it’s “centered on each doable divestments and consolidation.”

Of the injury already completed by Embracer’s restructuring, we’ve seen builders shuttered and video games canceled. Layoffs from Embracer’s subsidiaries appeared to be taking place at a near-weekly tempo for some time, with the final reported set of them affecting Eidos Montreal and ensuing within the cancellation of an unannounced entry within the Deus Ex collection.

2023 was a tough yr by way of job losses within the online game trade, and 2024 has already been brutal. Simply final month, Microsoft lower 1,900 jobs following their $69 billion takeover of Activision Blizzard. In order for you the complete miserable image, Kotaku has a working listing of all of the job losses in 2024, with the quantity already approaching 6,500.