Following a string of layoffs, studio closures and game cancellations, Sweden-based Embracer Group's cost-cutting efforts have hit a beloved Canadian studio.
Embracer Group hit dire times in 2023 after an investment deal fell through. In the aftermath, some of the studios that have been acquired by Embracer Group in recent years have undergone layoffs, project cancellations and others have been completely shut down. The latest casualty in this saga seems to be an unannounced Deus Ex …