After taking on $1.5 billion in debt over a $2 billion gamble, embattled Embracer CEO responsible for over 1,400 layoffs breaks out classic scapegoats: Russia and Covid

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Sadly, the company had failed to ensure that optimal structure.

All those factors have changed a lot."

Embracer Group quietly cancelled 29 unannounced games and shut 7 studios within six months last year.