Overview

• 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.