View source for News/Embracer Group Reveals Restructuring Program

{{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 giant Embracer Group will go through a restructuring program. The company stated "the closing of studios and termination of projects, that have not yet been announced and with low projected returns." The scope of the program is,

* Matthew Karch appointed interim Chief Operating Officer, and Phil Rogers appointed interim Chief Strategy Officer, to co-lead the program planning and implementation
* Reduction of general overhead, corporate, publishing and SG&A costs
* The closing of studios and termination of projects, that have not yet been announced and with low projected returns
* Creation of a more comprehensive, centralized process for game investment and progress review, while maintaining creative freedom
* Consolidation of companies and businesses, including review of operative group structures
* Reduction of investments into external development with greater focus on internal development based on owned or controlled IP
* Increased external funding of internally developed, large-budget games
* Renewed focus on the Group’s main business areas
* Implementing a centralized and standardized, more data-driven and precise approach to game forecasting
}}