If anyone was still on the fence about consolidation in the gaming industry, this pretty much sums up how devastating it can be:
https://www.polygon.com/23759179/embracer-tomb-raider-lotr-restructure-studio-closures-lay-offs
The sheer number of acquisitions that Embracer Group has been making in recent years is insane. The big ones are of course Crystal Dynamics and Eidos from Square-Enix last year and Gearbox a year before that, but there are dozens and dozens more. Now it turns out they are totally incapable of running them all and a financial setback means loads of them are going to close down in the near future, with god knows how many people losing their jobs.
The whole thing is so depressing to read. On top of the planned closures, there's stuff in there about a "$1 billion investment from Saudi Arabia’s investment fund" and then this gem:
What a time to be alive.