Embracer lays off Eidos Montreal staff and cancels new Deus Ex game

The video game industry is off to a rocky start to 2024. Thousands of developers are losing their jobs, and the latest studio to join this difficult situation is Eidos Montreal. Canadian team, via your official account on X (formerly Twitter) confirmed that they had to lay off 97 employees. It is worth noting that Jason Schreier, journalist Bloombergalready reported this news a few minutes earlier, adding that new game in Deluxe Ex it was canceled.

“Over the past 17 years, our teams at Eidos have worked on some of the industry’s most beloved brands, combining deep storytelling and innovation into unique games. We have created unforgettable experiences and won many awards that we are proud of because we know that our team members put their heart and soul into them.

The global economic context, as well as the challenges of our industry and the comprehensive restructuring announced by Embracer, have finally impacted our studio. “The difficult decision has been made to lay off 97 people across the development, administration and support teams.”

Eidos Montreal.

Goodbye new game God from

Despite the negative outlook, Eidos Montreal intends to continue creating games based on its most famous IPs. However, this part of the statement is questioned because, according to BloombergEmbracer not only laid off almost a hundred employees, but also canceled another delivery God from.

Although there wasn’t much information about it, there was a lot of anticipation for what’s new in the franchise. Two previous titles Deus Ex: Human Revolution And Deus Ex: Humanity Dividedhad an excellent reception from the specialist press and the players themselves.

The worst thing is that, they say, new God from This has been two years in the making., a significant period of time that was wasted. Today is not only the future God from is uncertain, as is the opinion of Eidos Montreal and the Embracer Group itself.

Embracer, from problem to problem

In 2021, Embracer began an aggressive acquisition campaign. He started buying a gearbox (Borderland) after paying out $1.3 billion. A year later, he took over Square Enix’s Western studios. Specifically, Crystal Dynamics, Eidos-Montreal and Square Enix Montreal. That’s why franchises like tomb Raider, God from, Thief And Legacy of Cain They became part of the catalog of intellectual property.

The Jewel in the Crown appeared in August 2022 when they announced that almost all rights to Lord of the Rings Now they belonged to them.

However, in May 2023, its collapse began. The company lost half its value on the stock market because They were unable to reach an agreement that would have allowed them to secure investments worth about $2 billion.. Thus, Embracer has been experiencing all sorts of financial problems ever since. Unfortunately, today Eidos and Deluxe Ex They were hurt, but you can be sure they won’t be the last.