Embracer CEO Lars Wingefors said during a Q&A at the company’s annual general meeting that the Swedish video game company will have to “continue making tough decisions” to become a more cost-efficient entity and indicated that more studio closures and job cuts are on the way, Game Developer’s Chris Kerr reports. The CEO described the decision to shutter studios such as Campfire Cabal and Volition, as well as moves to downsize others, as “tough from many standpoints,” though he added that the company is “determined” to see the process through, the author notes.
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