The Embracer cuts don’t stop coming. Today on Twitter, Crystal Dynamics announced that layoffs had occurred at the company as a result of Embracer’s recent downsizing. This follows recent news of the video game holding company’s plans to sell Gearbox.
The tweet, which posted on Crystal Dynamics’ official account, can be seen here:
— Crystal Dynamics (@CrystalDynamics) September 20, 2023
As the tweet states, 9 brand/marketing employees and 1 IT employee were let go from their positions within the company earlier this morning. Among these employees was Senior Community and Social Manager Neha Nair, who had this to say on Twitter:
There isn’t an easy way to say this so I’ll just rip the bandaid off because while I’m still processing, life unfortunately does not pause…
After 3.5 years at @CrystalDynamics, I was laid off today. I’d appreciate any Sr. level Community & Social Media positions in gaming.
Senior Brand Manager Nick Edwards also took to Twitter to inform the internet of his being laid off:
Sadly the Embracer layoffs keep coming and I and a number of talented brand/marketing folks at Crystal are impacted.
If anyone needs a biz/pub, product, or marketing leader hit me up. Also, I’ve got PR, Project Management, 2D Art, Video Editor rockstars that I’d love to intro.
It’s really unfortunate to see the scope of damage that Embracer’s failed deal has caused. It’s never easy to see people lose their jobs, and it’s an especially prevalent issue in the gaming industry due to the general instability of it all. Just last week, we saw the team behind Immortals of Aveum get chopped nearly in half due to the game’s poor release numbers.
Fingers crossed that Embracer can recover soon and prevent any further job losses. In the meantime, stay tuned into us here at MP1st to keep up to date on everything we learn about Embracer’s restructuring.
Why is a financial group allowed to own so many companies in the first place and rely on a deal in the future to go through to maintain their previous purchases is insane and reckless.