Embracer Group Cuts 50 Jobs at Fishlabs in Ongoing Restructuring

The layoffs, part of a larger restructuring plan, were reportedly due to a lack of approval and financing for a Fishlabs project.

Embracer Group's subsidiary, Plaion, announced the downsizing of Fishlabs studio, resulting in about 50 job cuts.
The layoffs are part of Embracer's ongoing restructuring plan, which has already resulted in over 900 job cuts across the business.
Fishlabs, known for the Galaxy on Fire franchise and the recently released Chorus, had a total headcount of 120 before the layoffs.
The layoffs were reportedly due to a lack of approval and financing for a Fishlabs project, leading to its cancellation.
Fishlabs will continue to co-create projects in partnership with Embracer subsidiaries and Plaion.