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haui_lemmy, do games w Embracer says it's looking out for shareholders after cutting almost 1,400 jobs

Abolish shareholder primacy

Marsupial,
@Marsupial@quokk.au avatar

Abolish shareholders.

jballs, do games w Starbreeze admits Payday 3 is massively underperforming
@jballs@sh.itjust.works avatar

I played it a lot at launch. Frankly it’s just boring after a while. There’s only something like 6 or 7 missions. You get no rewards for completing missions except for random achievements and cash, which is pretty useless overall.

Phegan, do games w Embracer says it's looking out for shareholders after cutting almost 1,400 jobs

Embracer can suck my dick.

KingThrillgore, do games w Embracer says it's looking out for shareholders after cutting almost 1,400 jobs
@KingThrillgore@lemmy.ml avatar

At least they’re being honest about it!

As an Embracer shareholder, I think i’m ready to sell at a loss and move on with my life. This company is doomed. I’ve lost more than value watching them go to shit, they’ve actively killed projects I cared about. They are going to fall apart and nobody will touch the IP.

dumpsterlid, do games w Embracer says it's looking out for shareholders after cutting almost 1,400 jobs

https://lemmy.world/pictrs/image/f2067249-b01f-4c09-be75-3769571db96e.webm

CALLING ALL THE CONDESCENDING PEOPLE WHO KEPT SAYING “LETS JUST WAIT AND SEE” WHEN PEOPLE LIKE ME POINTED OUT THIS WOULD HAPPEN WHEN THEIR BELOVED GAME DEVELOPMENT STUDIO SOLD ITSELF TO EMBRACER

garretble, do games w Report: Embracer cancels Eidos' unannounced Deus Ex project, lays off staff
@garretble@lemmy.world avatar

It seems like the only time you hear about Embracer is when they are cancelling games or closing studios.

What even is their purpose?

edgemaster72,
@edgemaster72@lemmy.world avatar

Step 1. Amalgamate as many smaller studios as possible

Step 2. Probably some BS about tax writeoffs or packaging debt for sale

Step 3. Profit? (but not enough to pay anyone outside the C suite and maybe investors)

Xanvial,

They supposedly should have an investment deal with a Saudi backed company. But failed last year theverge.com/…/embracer-group-saudi-government-lo…

So they need a lot of cash now

altima_neo,
@altima_neo@lemmy.zip avatar

They’re the holding company that used to be “thq”

Kind of like how Alphabet is to Google, or Meta is to Facebook and Instagram.

cultsuperstar,

Canceling games and closing studios.

magic_lobster_party,

Not so fast! Sometimes they also announce the return of old franchises, just to be shut down shortly after.

Like Timesplitters 4.

dumpsterlid,

There is a precise technical answer to your question a finance person can probably give you but it doesn’t really answer the question no matter how many acronyms they throw at you.

The actual answer is that there is no reason any of this has to be rational. Business people believe so strongly that companies like embracer are valuable and have a function in society that they detect zero cognitive dissonance when said companies don’t actually do anything but buy smaller companies, dissect them and destroy value.

You can’t understand business and finance people like they are scientists, they are closer to priests of a religious sect that believe in things because of their belief system not because of some rational framework that actually supports their ideas.

I think for the rich, it is just “good practice” to commit economic violence against smaller companies, it is good hygiene for keeping the power in the hands of the rich like mowing a field once a year or something. This doesn’t fully explain how poorly some of these companies function like embracer however.

Phegan, do games w Report: Embracer cancels Eidos' unannounced Deus Ex project, lays off staff

Common embracer L

newthrowaway20, do games w Report: Embracer cancels Eidos' unannounced Deus Ex project, lays off staff

Oh that’s a real shame, the Deus Ex games were a lot of fun.

TheEntity,
halendos,

Jesus Christ, Denton!

altima_neo,
@altima_neo@lemmy.zip avatar

What a shame.

He was a good game.

LucasWaffyWaf,

lip smack

What a rotten way to die.

quams69, do games w Report: Embracer cancels Eidos' unannounced Deus Ex project, lays off staff

We always hear about shit companies like embracer, but who are the actual people in charge? Who are the people who are very bad at their jobs and should be publically ostracized for damaging not only their ips but the lives of hundreds to thousands of working developers? Like what are their names? Who are these faceless scumbags?

Embracer is just a name to hide behind, the people involved in the decisionmaking here should be known by name, like Bobby “incredible piece of human filth” Kotick

Lanusensei87,
@Lanusensei87@lemmy.world avatar
MeekerThanBeaker,

You can tell from the pictures that they all play video games. /s

I really hate how people in charge of companies usually don’t give a crap about the product, just how to exploit it.

CaptDust,

I honestly do believe Lars Wingefors is passionate about games and the industry, he’s been trying to find a place in it his whole career, but I do not think he’s a good business man nor worthy of stewardship for these IPs.

MeekerThanBeaker,

Very well could be. I didn’t research their backgrounds. I just know from first hand experience of people who get jobs who graduated with business degrees who don’t care about the stuff they sell.

JustUseMint, do games w Report: Embracer cancels Eidos' unannounced Deus Ex project, lays off staff

Breaks my heart. One of the best franchises/IPs

marlowe221, do games w Report: Embracer cancels Eidos' unannounced Deus Ex project, lays off staff

I love Deus Ex. This is extremely disappointing news.

yamanii, do games w Report: Embracer cancels Eidos' unannounced Deus Ex project, lays off staff
@yamanii@lemmy.world avatar

Welp, it sucked at square, and it got even worse now, Eidos can’t catch a break.

altima_neo,
@altima_neo@lemmy.zip avatar

They need to go solo and crowd fund that shit

Eezyville,
@Eezyville@sh.itjust.works avatar

I love Deus Ex. I’ll contribute.

yamanii,
@yamanii@lemmy.world avatar

I highly doubt we can conjure up 70 million for them.

altima_neo,
@altima_neo@lemmy.zip avatar

I’ll take some small indie game over none at all

Viking_Hippie, do games w Report: Embracer cancels Eidos' unannounced Deus Ex project, lays off staff

First time I ever heard about Embracer and I hate them already 🤬

altima_neo,
@altima_neo@lemmy.zip avatar

You’ve heard of them before. They used to be called THQ Nordic.

Skelectus,
@Skelectus@suppo.fi avatar

Well, they’ve been doing this a lot. They have bought a massive amount of game studios over the years just to run out of money and close them.

dinckelman, do games w Report: Embracer cancels Eidos' unannounced Deus Ex project, lays off staff

Companies like Embracer are a disease. Their leadership are taking any passion out of the art, and continue running the money printing machine with no oil between the gears

SharkAttak,
@SharkAttak@kbin.social avatar

Would be a real shame if someone boycotted every game they put their greedy claws on..

MelastSB,

Well if they just close studios and cancel games, there’s not much to boycott lol

altima_neo,
@altima_neo@lemmy.zip avatar

At the rate they’re closing their studios and cancelling games, I don’t think there’s gonna be much left.

I don’t know what other games they had planned. So far they still have the studios that make tomb raider and borderlands.

nodimetotie, do games w Report: Embracer cancels Eidos' unannounced Deus Ex project, lays off staff

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