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Article: Gearbox and Embracer
Gearbox is a subsidiary of Embracer, which said at the start of the summer it would cut jobs after spending so much money to acquire various studios and properties. The layoffs (and by extension, the projects cancelled at affected studios) have been made in response to a reported $2 billion deal with Savvy Games that collapsed back in May.
At the start of August, Embracer shut down Danish studio Campfire Cabal, and earlier today announced the closure of Volition.
In 2015, Gearbox began to publish games from third-party studios, with its debut title being the 2016 remaster of People Can Fly's Bulletstorm. Recent releases include Gunfire Games' Remnant II from July and Heart Machine's Hyper Light Breaker for 2024.
Aren't mass consolidations great, though?! Lots of enthusiast press people eating shovels full of crow recently.
Also: Embracer Group, AKA THQ Nordic, have still never apologized for doing that AMA on 8Chan nor fired the people that enabled it. Extra fuck those guys.