https://staging.twogpedia.com/index.php?action=history&feed=atom&title=News%2FEmbracer_Group_Reveals_Restructuring_Program 2026-11-05T15:38:37Z Revision history for this page on the wiki MediaWiki 1.45.1 https://staging.twogpedia.com/index.php?title=News/Embracer_Group_Reveals_Restructuring_Program&diff=4568&oldid=prev 2023-06-13T16:31:37Z

<p>Created page with &quot;{{News |seo_title=Embracer Group Reveals Restructuring Program |seo_keywords=Embracer |seo_description=Embracer Group Reveals Restructuring Program |image=Gaming.png |tags=Embracer |date=2023-06-13T16:15:55.000Z |sources={{NewsSource |source=Games Industry |url=https://www.gamesindustry.biz/embracer-announces-restructuring-program-studio-closures-expected |article=News/Embracer Group Reveals Restructuring Program }} |author=Andura |category=Companies |content=Gaming gian...&quot;</p> <p><b>New page</b></p><div>{{News<br /> |seo_title=Embracer Group Reveals Restructuring Program<br /> |seo_keywords=Embracer<br /> |seo_description=Embracer Group Reveals Restructuring Program<br /> |image=Gaming.png<br /> |tags=Embracer<br /> |date=2023-06-13T16:15:55.000Z<br /> |sources={{NewsSource<br /> |source=Games Industry<br /> |url=https://www.gamesindustry.biz/embracer-announces-restructuring-program-studio-closures-expected<br /> |article=News/Embracer Group Reveals Restructuring Program<br /> }}<br /> |author=Andura<br /> |category=Companies<br /> |content=Gaming giant Embracer Group will go through a restructuring program. The company stated &quot;the closing of studios and termination of projects, that have not yet been announced and with low projected returns.&quot; The scope of the program is,<br /> <br /> * Matthew Karch appointed interim Chief Operating Officer, and Phil Rogers appointed interim Chief Strategy Officer, to co-lead the program planning and implementation<br /> * Reduction of general overhead, corporate, publishing and SG&amp;A costs<br /> * The closing of studios and termination of projects, that have not yet been announced and with low projected returns<br /> * Creation of a more comprehensive, centralized process for game investment and progress review, while maintaining creative freedom<br /> * Consolidation of companies and businesses, including review of operative group structures<br /> * Reduction of investments into external development with greater focus on internal development based on owned or controlled IP<br /> * Increased external funding of internally developed, large-budget games<br /> * Renewed focus on the Group’s main business areas<br /> * Implementing a centralized and standardized, more data-driven and precise approach to game forecasting<br /> }}</div>

Andura