I thought news of video game related layoffs was over for January, but I was wrong. On Tuesday another Embracer-owned studio, Eidos Montreal, announced on social media it was laying off 97 employees.
— Eidos-Montréal (@EidosMontreal) January 29, 2024
Bloomberg's Jason Schreier also reported the studio was cancelling a game in the Deus Ex series. The unannounced project, according to Schreier, had been in development for two years and was scheduled to begin production later in 2024.
Eidos Montreal along with Crystal Dynamics and Square Enix Montreal, was acquired from Square Enix for $300 million back in 2022. GamesIndustry.biz also reported in May 2022 Embracer also acquired several intellectual properties and games.
As part of the deal, Embracer is also purchasing the Tomb Raider, Deus Ex, Thief and Legacy of Kain franchises, as well as more than 50 back catalogue titles. According to Embracer's announcement, 88 million Tomb Raider games have been sold to date, as well as 12 million Deus Ex titles.
According to the website Videogamelayoffs.com, other Embracer-owned studios that conducted layoffs in January were Slipgate Iron Works (Jan 3), Lost Boys Interactive (Jan 12), Pirahna Bytes (Jan 16), and Black Forest Games (Jan 25).
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