Embracer Group has announced a business restructuring. The Swedish holding company plans a multi-phase program aimed at increasing its growth and long-term efficiency.
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What are the goals of Embracer Groups restructuring?
On June 13, Embracer CEO Lars Wingefors outlined the main points of the restructuring program in an open letter to employees. It will last until March 2024 and will transform the company from its current heavy-investment-mode to a highly cash-flow generative business.
According to Wingefors, business restructuring should help Embracer Group:
- Meet the worsening economy and market reality;
- Significantly lower its net debt;
- Shift the focus from raised capital to optimization and growth b…
Read the full article at: https://gameworldobserver.com/2023/06/13/embracer-group-restructuring-studios-games-closure-layoffs