Eidos Montréal confirms almost 100 layoffs, blaming ‘challenges of our industry’ and Embracer restructuring
97 people have been affected
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Eidos-Montréal, the Canadian developer behindShadow of the Tomb Raider,Marvel’s Guardians of the Galaxy,severalDeus Exgames, and more, has confirmed that it’s laying off 97 people.
In astatementreleased yesterday (January 29), the developer, which is owned by Embracer Group, blamed the “global economic context” as well as the “challenges” of the games industry and Embracer’s enormous restructuring program for the layoffs. Embracer’s restructuring began last year and sawover 900 people laid offby the end of September 2023. This rose even further before the end of the year.
“The global economic context, the challenges of our industry, and the comprehensive restructuring announced by Embracer have finally impacted our studio,” Eidos-Montréal’s statement reads. “The difficult decision has been made to let go 97 people from development teams, administration, and support services.
“We are working to support all impacted personnel through this transition. These very talented, highly experienced people are entering the employment market, and we want them to find their next projects and are helping to do so,” it continues. “As we navigate these difficult times, the well-being of our team is our priority, and the continuous commitment to creating games that players will be able to enjoy.”
These latest layoffs at Eidos-Montréal sadly aren’t the first to occur this year. As we come to the end of only the first month of 2024, we’ve seenstaff cuts atDead by Daylightdeveloper Behaviour Interactive,Lords of the Fallenpublisher CI Games, Embracer-owned studioLost Boys Interactive, and many more.
Speaking in aninterviewwith GamesIndustry.biz last year, Embracer Group’s interim chief strategy officer, Phil Rogers, called the human impact caused by the company’s layoffs “agonizing,” but said that ultimately,restructuring is “how we win."
If you’re looking for more games to play, you can find some excellent recommendations on our lists of thebest indie games, as well as thebest indie horror games.
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Catherine is a News Writer for TechRadar Gaming. Armed with a journalism degree from The University of Sheffield, she was sucked into the games media industry after spending far too much time on her university newspaper writing about Pokémon and cool indie games, and realising that was a very cool job, actually. She previously spent 19 months working at GAMINGbible as a full-time journalist. She loves all things Nintendo, and will never stop talking about Xenoblade Chronicles.
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