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Rainbow Studios is seemingly the newest studio within the firing line of Embracer’s restructuring efforts.
That is going by LinkedIn posts from a number of workers – as reported by Game Developer – which level to the corporate experiencing layoffs.
“This can be a profoundly unhappy second for the trade, and for me personally as I depart a studio I really like,” former QA analyst Austin Herrington wrote on LinkedIn.
“Whereas I had hoped to remain at Rainbow for for much longer, I’m pleased with the studio and of the whole lot we completed. No one needed this to occur, and I can’t say sufficient about how properly we had been handled on our means out.”
This, after all, comes within the wake of Embracer failing to land a $2 billion deal, leading to a significantly lowered share value and the Swedish big having to chop tasks, studios and jobs. Volition of Saints Row fame and Campfire Cabal have been closed, whereas Embracer is reportedly looking into selling Gearbox.
An Embracer spokesperson has mentioned that the corporate is not commenting on particular person studios or its restructuring program, however advised Recreation Developer that that is targeted on “price financial savings, capital allocation and operational and monetary effectivity measures.”
They continued: “A part of these initiatives could possibly be the closing of studios, downsizing, and termination of tasks with low projected returns. Every course of shall be managed domestically on operative group stage with deal with informing affected staff first, and on group stage we is not going to touch upon particular studios at this cut-off date.”
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