A new Deus Ex game was reportedly canceled amid Embracer’s crisis

Embracer Group, the Swedish holding firm present process restructuring, has reportedly canceled a Deus Ex sport. Bloomberg says builders had been engaged on the unannounced title for 2 years. Neither Embracer nor developer Eidos addressed the reported cancellation particularly, however they confirmed they have been shedding 97 staff at Deus Ex developer Eidos Montreal.

Eidos will reportedly focus as an alternative on “an authentic franchise.” Bloomberg’s sources say the Deus Ex sport was scheduled to begin manufacturing later this yr. The franchise’s most up-to-date mainline installment was 2016’s Deus Ex: Mankind Divided.

After aggressively growing by way of acquisitions during the pandemic, Embracer Group entered a turbulent interval final yr. The corporate announced a restructuring plan in June 2023 after an unnamed companion pulled out of a deliberate deal that might have introduced in $2 billion over six years. Axios later reported the mysterious investor was Savvy Games Group, which the Saudi authorities funds.

In August, Embracer introduced the closure of Volition, the studio behind the Saints Row series. The guardian firm laid off about 900 staff in September and one other 50 employees at Chorus developer Fishlabs. Earlier this month, Embracer shuttered Lost Boys Interactive, makers of Tiny Tina’s Wonderland — pinning the blame on “headwinds going through the business proper now.”

Embracer says the restructuring part will run till the tip of March. The corporate claims it’s going to present common updates on the method, together with when it publishes its subsequent quarterly report on February 15.

Alongside the alleged Deus Ex cancellation, Eidos confirmed it let go of 97 staff from growth groups, administration and assist companies. “The worldwide financial context, the challenges of our business and the great restructuring introduced by Embracer have lastly impacted our studio,” Eidos wrote in an announcement.