Lots Boys Interactive, a game development studio with over 400 team members, got hit with what was called "massive" layoffs today as part of the continuing restructuring of the Embracer Group.
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Embracer Group were expecting a massive investment to fund all their recent aquisitions (2 billions I think?) that fell through. So they have been cutting and closing studios ever since.

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Right, like if you finance a new car but don’t get a raise, so you set it on fire.

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