Eidos Montral confirms almost 100 layoffs, blaming challenges of our industry and Embracer restructuring

Date:
Tue, 30 Jan 2024 10:40:58 +0000

Description:
Eidos-Montral has laid off 97 people from across its development teams, administration, and support services.

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Eidos-Montral, the Canadian developer behind Shadow of the Tomb Raider, Marvels Guardians of the Galaxy, several Deus Ex games, and more, has confirmed that its laying off 97 people.

In a statement released yesterday (January 29), the developer, which is owned by Embracer Group, blamed the global economic context as well as the challenges of the games industry and Embracers enormous restructuring program for the layoffs. Embracers restructuring began last year and saw over 900 people laid off by the end of September 2023. This rose even further before the end of the year.

The global economic context, the challenges of our industry, and the comprehensive restructuring announced by Embracer have finally impacted our studio, Eidos-Montrals statement reads. The difficult decision has been made to let go 97 people from development teams, administration, and support services.

We are working to support all impacted personnel through this transition. These very talented, highly experienced people are entering the employment market, and we want them to find their next projects and are helping to do
so, it continues. As we navigate these difficult times, the well-being of our team is our priority, and the continuous commitment to creating games that players will be able to enjoy.

These latest layoffs at Eidos-Montral sadly arent the first to occur this year. As we come to the end of only the first month of 2024, weve seen staff cuts at Dead by Daylight developer Behaviour Interactive , Lords of the
Fallen publisher CI Games , Embracer-owned studio Lost Boys Interactive , and many more.

Speaking in an interview with GamesIndustry.biz last year, Embracer Groups interim chief strategy officer, Phil Rogers, called the human impact caused
by the companys layoffs agonizing, but said that ultimately, restructuring is how we win."

If youre looking for more games to play, you can find some excellent recommendations on our lists of the best indie games , as well as the best indie horror games .



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Link to news story: https://www.techradar.com/gaming/eidos-montreal-confirms-almost-100-layoffs-bl aming-challenges-of-our-industry-and-embracer-restructuring


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