Image via Eidos-Montreal / Embracer
Deus Ex and Marvel's Guardians of the Galaxy developer Eidos-Montreal has laid off 75 workers.
The Embracer-owned studio shared the news on Linkedin and explained the layoffs were made with one of its "mandates" coming to an end. It said the cuts are not a reflection of the "dedication or skills" of its workforce.
"Unfortunately, we don't have the capacity to entirely reallocate them to our other ongoing projects and services," added the company. "These very talented, highly experienced experts are going to enter the employment market, and we are working to support them through this transition."
Eidos-Montreal said it remains committed to delivering its other in-development projects.
Embracer, best known for torching a litany of studios and projects following an ill-fated M&A spree, purchased Eidos-Montreal alongside Square Enix Montreal and Crystal Dynamics.
The Swedish conglomerate spent $300 million acquiring the trifecta from Square Enix in 2022. It also secured the rights to major franchises including Tomb Raider, Deus Ex, Thief, and Legacy of Cain.
At the time, Embracer CEO Lars Wingefors said the company would help those studios "realize their ambitions."
The reality of Embracer's cuts
Around a year later, however, Embracer embarked upon a brutal restructuring program that resulted in mass layoffs, studio closures, project cancellations, and high-profile divestments.
That reorganization ended with Embracer splitting into three standalone entities to search for "winning formulas."
The layoffs haven't subsided completely, though. Earlier this week, Embracer studio Crystal Dynamics made 17 workers redundant to meet its "current business needs."
