Subj : Embracer Group restructuring continues as Fishlabs studio is expe
To   : All
From : TechnologyDaily
Date : Wed Nov 29 2023 10:15:05

Embracer Group restructuring continues as Fishlabs studio is expected to cut 
around 50 jobs

Date:
Wed, 29 Nov 2023 10:11:40 +0000

Description:
Fishlabs is expected to see around 50 job losses due to Embracer Group's 
restructuring program.

FULL STORY
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Around 50 job cuts are expected to be made at German studio Fishlabs, as 
Embracer Groups restructuring program continues. 

Fishlabs - which is owned by Deep Silver, a division of Embracer-owned 
company Plaion - is arguably best known for its work on the Galaxy on Fire 
series, but it also produced the Nintendo Switch ports of both Saints Row: 
The Third and Saints Row 4: Re-Elected . In a press release shared yesterday 
( via WebWire ), the vice president of worldwide studios and talent at 
Plaion, Lars Janssen, said that We are facing a tough moment together. 

He continued: Each individual at our Fishlabs studio has been more than just 
a team member; theyve been a vital part of our creative journey, bringing not 
only their skills but also their passion and dedication to every project. 
Were truly thankful for the energy and heart theyve invested in our 
collective endeavors. This painful decision is a reflection of the broader 
challenges in the gaming industry, not the incredible talents or efforts of 
our team. 

The job cuts at Fishlabs are the latest in a long line of layoffs made at 
Embracer Group this year due to its restructuring program. As of the end of 
September, the company had cut around five percent of its workforce , which 
amounted to 904 job losses. However, a financial report from earlier this 
month stated that restructuring is expected to continue through to the end of 
the current fiscal year. 

Speaking about the layoffs, Embracer Groups interim chief strategy officer, 
Phil Rogers, recently said that although the human impact is agonizing, 
restructuring is how we win and is a necessary thing for us to hit our new 
and needed goals. 

 If youre looking for some new games to play, you can find some 
recommendations on our lists of the best Nintendo Switch games , as well as 
the best Xbox Series X games and best PS5 games .



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Link to news story:
https://www.techradar.com/gaming/embracer-group-restructuring-continues-as-fis
hlabs-studio-is-expected-to-cut-around-50-jobs


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