Swedish games firm Embracer Group has made layoffs at developer Eidos Montreal.

In a post on social media, the studio wrote that it was cutting 97 jobs due. The developer says that this is due to the global economic situation, industry "challenges", and – of course – the "restructuring" that Embracer is undergoing at the moment.

"We are working to support all impacted personnel through this transition," Eidos Montreal wrote.

"These very talented, highly experienced people are entering the employment market, and we want them to find their next projects and are helping to do so.

"As we navigate these difficult times, the well-being of our team is our priority and the continuous commitment to creating games that players will be able to enjoy in the nearby future."

A report from Bloomberg also claims that Eidos Montreal was working on a new entry in the Deus Ex franchise, but this has now been cancelled. The project had been in development for two years.

Embracer has been making layoffs, closing studios and cancelling projects to help right the ship after it failed to land a $2 billion deal, reportedly with Saudi Arabia. Said deal would have helped fund development on a number of titles and pay for already-spent costs.