Embracer Group has been trying to reduce its total debt following the collapse of a deal expected to be worth at least $2 billion earlier this year. It is primarily trying to achieve this through a restructure that has resulted in mass layoffs, as well as studio closures. A total of 904 staff were laid off in the first three months alone, with more dismissed since then. Most recently, Fishlabs cut around 50 jobs at the end of November, and Embracer-owned Plaion finally confirmed last week it has shut down TimeSplitters studio Free Radical Design.