Lars WingeforsCEO of Embracer Grouphas admitted his responsibilities compared to the crisis that hit the company in recent months, leading to the dismissal of around 1400 employees and the cancellation of various projects.
At the same time as the announcement of the division of Embracer Group into three different companies, Wingefors told GamesIndustry.biz have received a lot of criticismboth internally and internationally, and that “as a leader and owner, sometimes you need to take the blame.”
“It was painful, but I still believe in what we doI believe in my teams and the vision we have established,” continued the CEO. “I also believe in the public market: if you do things right, it represents a fantastic opportunity to finance your business by tapping into both investors and the market of debt.”
“I’m sure I deserve a lot of the criticism leveled at me, but I don’t think my team or the company deserves them equally. I can take a lot of the blame, but ultimately I need to believe in the goals we have set ourselves and we are making sure we can achieve them thanks to this new structure.”
“I still enjoy the trust of many of the entrepreneurs and CEOs who joined the group (…) and understand that the world has changed, therefore we must change too. Of course, it is painful to think that we won’t be able to make all the games we imagined three years agobut we must adapt to this new situation.”
“We can still make games and we own one of the largest, if not the largest pipeline of titles in development within this industry. And we have big plans for the years or decades to come.”
A harsh and merciless crisis
A few days ago Embracer Group declared that there will be no further sales, but as said in the last nine months the group he went through an extremely complicated period due to an unsuccessful loan.
That misjudgment highlighted the profound fragilities of the companywhich had to take action by selling many of its assets and firing many people.
