Around 50 job cuts are expected to be made at German studio Fishlabs, as Embracer Group’s restructuring program continues.
Fishlabs – owned by Deep Silver, a division of Embracer-owned company Plaion – is perhaps best known for its work on The Galaxy is on fire series, but it also makes the Nintendo Switch port of both Saints Row: The Third and Saints Row 4: Chosen Again. In a press release shared yesterday (via WebWire), Plaion’s vice president of worldwide studios and talent, Lars Janssen, said that “We are facing a difficult time together.”
He continued: “Each individual in our Fishlabs studio is more than a team member; they become an integral part of our creative journey, bringing not only their expertise but also their passion and dedication to each project. We are truly grateful for the energy and heart they have invested in our collective efforts. This painful decision is a reflection of the broader challenges of the gambling industry, not the unique talents or efforts of our team.
The Fishlabs layoffs are the latest in a long line of layoffs Embracer Group has made this year as part of its restructuring program. At the end of September, the company had cut five percent of its workforce, which amounted to 904 job losses. However, a financial report from earlier this month said the restructuring “is expected to continue until the end of the current fiscal year.”
Speaking about the layoffs, Embracer Group’s interim chief strategy officer, Phil Rogers, recently said that although the human impact is “painful,” restructuring is “how we win” and it is “a necessary thing for us to achieve our new and necessary goals.”
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