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Why Saber Founder Matt Karch Said Embracer CEO Lars Wingefors “Gets a Bad Rap”

Saber founder Matt Karch praised Lars Wingefors’s efforts to preserve jobs and linked Embracer’s restructuring to the failed Savvy Games Group deal, according to a 2024 report.
Length3 min Posted Quest giverVGSources Team
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Saber Interactive founder Matt Karch defended Embracer CEO Lars Wingefors in remarks reported by Insider Gaming on April 5, 2024. Karch said Wingefors had tried to preserve jobs during Embracer’s restructuring and argued that the fallout from a failed Savvy Games Group deal had left the company with limited options. Those are Karch’s assessment and explanation, not independent findings about Wingefors’s motives or the causes of Embracer’s decisions.

What Matt Karch said about Lars Wingefors

Insider Gaming’s April 5, 2024 article summarized a recent GamesIndustry interview with Karch, Saber Interactive’s founder, and quoted him praising Wingefors’s conduct during studio terminations.

“In my mind, nobody has been guided by more of a sense of fairness and reasonableness than Lars. The process that we’ve had to go through to terminate studios has absolutely been… it’s killed us … I would say Embracer tried harder than anybody to save as many jobs as it could.”

The quotation presents Karch’s view of the process and Embracer’s effort to retain jobs. It does not establish that assessment as an independently verified account. The full GamesIndustry interview was linked by Insider Gaming, but the accessible report is the basis for these quotations.

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Why Karch said the CEO “gets a bad rap”

Karch also pointed to the sale of Gearbox, saying employees stayed with the company until after the announcement because Wingefors wanted to keep them. Insider Gaming quoted him as saying: “Gearbox just sold, right? The employees that were within that company remained in that company until after the announcement, right? Because Lars didn’t want to let anybody go, he really wanted to keep everybody. So I think he gets a bad rap.”

That was Karch’s explanation for why he thought Wingefors was judged unfairly. It should not be read as proof of Wingefors’s intentions or as evidence of broader industry consensus; the report attributes the opinion to Karch.

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How Karch connected the defense to Embracer’s restructuring

According to Insider Gaming, Karch linked Embracer’s predicament to the collapse of a proposed deal with Savvy Games Group. He said the failed agreement constrained business development and pushed Embracer into a corner. That is Karch’s reported account of the connection, not an independently established causal finding.

The same 2024 article described Embracer as restructuring after a failed deal it valued at $2 billion and reported that more than 1,400 employees had been laid off. These are figures reported by Insider Gaming at the time; the article’s numbers are not presented here as independently verified company disclosures or as current totals.

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Why Saber’s sale-back is relevant context

Insider Gaming reported that Karch had recently bought Saber Interactive back from Embracer for $247 million. This is a historical detail from the April 2024 article, not a current valuation or confirmation of Saber’s present ownership. It helps explain why Karch was discussing Embracer’s decisions from the perspective of a founder whose company had been part of the group, but it does not by itself verify his claims about the restructuring.

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What the remarks do—and do not—show

  • They show Karch’s stated position: he credited Wingefors with fairness and an effort to preserve jobs, and said the CEO “gets a bad rap.”
  • They offer Karch’s explanation: he tied Embracer’s cornered position to the failed Savvy Games Group deal.
  • They do not independently settle the record: the reported interview statements cannot alone establish corporate motives, the causes of layoffs, or how effectively jobs were protected.

All of this is anchored to Insider Gaming’s account dated April 5, 2024. Its descriptions of restructuring and acquisition expectations are historical reporting, not a statement of Embracer’s present situation.

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