Multiple employees have reported being let go in what appears to be the latest cuts by the struggling Embracer Group.
Lost Boys Interactive has reportedly become the latest Embracer-owned studio to undergo layoffs, as former producer Jared Pace said on LinkedIn (via Game Developer) that « a sizable portion » of its workforce has been let go.
The Lost Boys Interactive website describes the studio as « a wholly owned yet independent subsidiary of Gearbox Software, » and « a proud member of the Embracer Group. » Its past credits include Square Enix’s The Quiet Man, and less unfortunately, Tiny Tina’s Wonderlands and Diablo 4. It became a Gearbox studio less than two years ago, in June 2022.
« It seems a sizable portion of Lost Boys Interactive was laid off today, including myself, » Pace wrote. « Still trying to understand the scope of it all, but sadly—this is a song and dance we’re all familiar with.
