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A number of employees of publisher 3D Realms and its internal development studio Slipgate Ironworks have been laid off in the latest cutbacks at their parent company Embracer Group.

Free Radical Design, the famed game studio that was revived just a couple of years ago to work on a new Timesplitters game, is officially shutting down following decisions by its owner Embracer.

The Embracer Group has overseen layoffs and restructuring at several acquired studios, most recently at Crystal Dynamics, known for Tomb Raider. 10 employees from IT and marketing were laid off.

Beamdog has laid off 26 employees as owner Embracer aims to cut costs, having acquired over 230 companies. The developer known for Baldur's Gate and MythForce, was purchased by Aspyr in 2022.

Gearbox Entertainment, the makers behind the Borderlands franchise and publisher of titles like Remnant II, may be being put up for sale again. Embracer is reportedly in talks with buyers.

Volition was formed in 1993 as Parallax Software and it made the first two Descent games and went on to make a ton of great game titles and franchises like Freespace, Red Faction, and Saints Row.

After a 30-year run in the games industry, the game development studio behind major franchises like Saints Row and Red Faction, Volition, has been shut down by parent company Embracer Group.

The open-world zombie-based action game has been a big hit, and now developer Dambuster Studios has revealed plans for two big story expansions that will launch in the next 12 months.

Embracer Group, which has a number of game publishers and studios under its large company, stated that it will be conducting a review of its operations that will result in a reduction of operations.

Amazon's development team behind its New World MMO game will now be working on a new massively multiplayer title based on The Lord of the Rings and The Hobbit novels by J.R.R. Tolkien

Crystal Dynamics has made almost every premium cosmetic item inside Marvel's Avengers free across all platforms. This means every custom outfit, takedown, emote and more are now available to everyone.

Crystal Dynamics has announced the end of Marvel's Avengers support, as the live service super hero game's final update will arrive in March. A complete removal from stores is planned for 2023.

In a massive move, Square Enix will be offloading its biggest western studios in a $300 deal. Embracer Group is acquiring the studios and their popular IPs like Tomb Raider and Deus Ex.

Deep Silver and Volition have announced a delay to Saints Row, the upcoming reboot of the open-world action franchise. The extra time is being used by the studio to polish up the experience.

Today, Gearbox Software — the team behind Aliens: Colonial Marines, Borderlands, and Duke Nukem — announced that it was opening a new studio in Canada to work on Borderlands and other franchises.

Deep Silver and Volition announced a reboot to Saints Row today, giving players an origin story to play through for the first time. The open-world action title will feature cooperative play.

Embracer Group is once again collecting video game companies, as Borderlands-maker Gearbox Entertainment, mobile games developer Easybrain, and popular porting studio Aspyr are the latest to join up.

Video game makers Deep Silver and 4A Games have revealed that the third title in the Metro series is going to arrive on the next-gen. PC compatibility will also expand to include macOS and Linux soon.

Embracer Group has announced that it and its publishing arms have acquired eight more studios. The newest gains include Metro series developer 4A Games and Insurgency developer New World Interactive.