• Skip to main content
  • Skip to header right navigation
  • Skip to site footer
Gameranx

Gameranx

Video Game News, Lists & Guides

  • News
  • Features
  • Platforms
    • Xbox Series X
    • PS5
    • Nintendo
  • Videos
  • Upcoming Games
  • Guides

Embracer COO Has Left The Company After Weeks Of Restructuring

November 6, 2023 by Ryan Parreno

It’s the first sign that the company is holding itself responsible.

Embracer Group’s chief operating officer Egil Strunke has revealed that he is no longer with the company.

As reported by Video Games Chronicle, he was replaced by Saber Interactive boss Matthew Karch as interim COO.

Egil shared this statement:

“Last week I left Embracer Group as COO, and it’s with mixed feelings I am parting ways this global company phenomenon, rooted in Karlstad, Sweden.

On one hand I’m grateful for having had the chance to work with the one-of-a-kind [CEO] Lars Wingefors and all the other AMAZING colleagues (too many to mention!) which I will be sad to leave. On the other hand excited about the opportunities that lie ahead – starting and building my own company: Strunke Games.”

Egil also shared more thoughts about the current state of Embracer:

“Although the last year has been rough, in line with general market changes and industry consolidation, I am positive that Embracer will come out stronger and with a long, bright future ahead of them.”

This follows a protracted series of layoffs and downsizing in several studios under Embracer, after a major deal, allegedly with Saudi company Savvy Games, fell through.

We reported on Embracer closing veteran game studio Volition last September,   revealing they would be open to selling Borderlands developer Gearbox, laying off people at Crystal Dynamics, laying off people at video pinball game developer Zen Studios, and laying off staff at MMO developer Cryptic Studios.

With these staggering layoffs and at least one studio closure, many fans had questioned if Embracer was holding itself accountable for their mistake. No one endorses any game developer or studio being fired or shut down, but at least, in the business world, it would be logical to make these choices if a game company were themselves making mistakes when they make games.

In this case, these studios were not directly responsible for the reason they were shut down or losing people. While it is true that Volition had recently released a dud in their Saints Row reboot, the game actually reached 1 million players. We had reported on a claim that its underperformance led to ‘massive losses’ at Embracer, but Embracer themselves stated “Saints Row has performed in line with management expectations”.

To put it simply, the public had not seen Embracer holding themselves accountable for this decision until now. Egil may have his own reasons for leaving Embracer, and resigning or getting fired may not be the right way to bring that accountability to the company’s management. But, it can at least be said that he didn’t react to this adversity by becoming protective of his own spot in the company.

We wish Egil the best for himself and his future endeavors in the industry.

Share this post:

FacebookTwitterLinkedInPinterest

Recent Videos

10 Gaming Ideas They Thought Were Good...BUT NO

10 Gaming Ideas They Thought Were Good...BUT NO

10 DLCs That BROKE THE GAME

10 DLCs That BROKE THE GAME

NEW Post-Apocalyptic Game Looks Insane, Another GTA 6 DELAY? & More

NEW Post-Apocalyptic Game Looks Insane, Another GTA 6 DELAY? & More

Top 20 NEW PS5 Games of 2026

Top 20 NEW PS5 Games of 2026

10 Video Game Things That DIED in 2025

10 Video Game Things That DIED in 2025

20 Game REMAKES That We Are LOOKING FORWARD TO

20 Game REMAKES That We Are LOOKING FORWARD TO

10 Side Quests BETTER Than The Main Story

10 Side Quests BETTER Than The Main Story

Evolution of Bosses in Video Games

Evolution of Bosses in Video Games

10 Upcoming Games We Don't Quite UNDERSTAND

10 Upcoming Games We Don't Quite UNDERSTAND

Category: UpdatesTag: Embracer Group

Sidebar

Recent Posts

  • Red Dead Redemption 2 / GTA Online Mystery Deepens With Latest Discovery
  • Roblox: 99 Nights in the Forest – Sacrifice Totem
  • Roblox: 99 Nights in the Forest – January 2026 Codes
  • GTA Online: KnoWay Out – Tunnel Vision
  • Masahiro Sakurai Almost Turned Down His “Educational Manga” About His Life and Career

Copyright © 2026 · Gameranx · All Rights Reserved · Powered by Mai Theme