Embracer Group COO Egil Strunke has introduced his departure after a tumultuous 12 months for the corporate. Following a sequence of excessive profile acquisitions, Embracer spent most of 2023 shedding workers. It additionally shuttered Saints Row developer Volition, which had been in operation for 30 years.
Embracer Group COO acknowledged “tough 12 months” earlier than stepping down
In a prolonged observe on LinkedIn, Strunke acknowledged a “tough 12 months” for Embracer and pinned the blame on “common market modifications.” Rumor has it that Embracer’s monetary troubles started when a significant cope with a Saudi Arabian firm fell by way of.
“My historical past with the group spans throughout two four-year stints, first 2011-14 – the early foundational days with buying belongings from Jowood and THQ and planting the seeds to what we then didn’t know would develop into Embracer Group,” Strunke wrote, including that regardless of a tough 12 months, he stays constructive that “Embracer will come out stronger and with an extended, shiny future forward of them.”
Strunke isn’t leaving the video games trade. As a substitute, he has based Strunke Video games and his objective is to “assist and be concerned in among the most attention-grabbing gaming studios, firms and tasks across the globe because the video games trade continues its fixed change.”
