Cryptic Studios Faces New Round of Layoffs Amid Embracer Group's Ongoing Restructuring

The developer behind Star Trek Online is letting go of staff, marking the second round of cuts in a year under its parent company.

Cryptic Studios employees have announced on LinkedIn that they will be laid off by the end of October 2024.
The exact number of layoffs remains unclear, but several long-term employees are among those affected.
This marks the second round of layoffs at Cryptic Studios in less than a year, following cuts in November 2023.
The layoffs come as part of broader restructuring efforts by Embracer Group, which has laid off over 1,500 employees since June 2023.
Cryptic Studios, known for games like Neverwinter, was acquired by Embracer Group in 2022.