Gaming IndustryEmbracer-owned Lost Boys Interactive confirms ‘difficult’ layoffsWhen you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.
Gaming IndustryEmbracer-owned Lost Boys Interactive confirms ‘difficult’ layoffsWhen you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.
When you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.
(Image credit: Gearbox)
Lost Boys Interactive has become the latest Embracer-owned studio to undergo layoffs, as former producer Jared Pace said onLinkedIn(viaGame Developer) that “a sizable portion” of its workforce has been let go.
TheLost Boys Interactive websitedescribes the studio as “a wholly owned yet independent subsidiary of Gearbox Software,” and “a proud member of the Embracer Group.” Its pastcreditsinclude Square Enix’sThe Quiet Man, and less unfortunately,Tiny Tina’s WonderlandsandDiablo 4. It became a Gearbox studio less than two years ago, in June 2022.
We are happy to announce that Lost Boys Interactive is now officially part of the Gearbox Entertainment Family, and will be joining our mission to entertain the world!They will continue their work in providing services for a variety of developers across the video game industry. pic.twitter.com/c3vRm98rw2June 1, 2022
We are happy to announce that Lost Boys Interactive is now officially part of the Gearbox Entertainment Family, and will be joining our mission to entertain the world!They will continue their work in providing services for a variety of developers across the video game industry. pic.twitter.com/c3vRm98rw2June 1, 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.”
“Even though I was spared in the company-wide layoff at Lost Boys Interactive, so many talented artists and flat-out fantastic people were let go,” Barone wrote. “I simply do not have the words to convey how much all of the relationships that I formed have meant to me personally and if anyone needs a reference do not hesitate to reach out.”
In a statement provided to PC Gamer, Lost Boys Interactive confirmed that employees have been let go.
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“Lost Boys Interactive made the difficult decision to restructure our studio to ensure we can succeed in spite of headwinds facing the industry right now,” a studio representative said. “Unfortunately, this does mean we will separate from some of our team members and we’re working closely with those affected. We know this is a hard time for this talented and experienced group of people and will provide support and assistance through this transition to those leaving.”
2023 was a brutal year for layoffs in the videogame and tech business and 2024 has so far been no better. Even though we’re only two weeks into the year,Bossa Studios,Unity,Twitch, andDiscordhave all made significant cuts to staffing already. Most of them have cited overly aggressive expansion during the opening years of the Covid-19 pandemic and the subsequent need to “reset,” as Unity put it, but the Embracer Group is a unique case: After rapidly expanding into a genuine gaming behemoth, the Swedish holding company fell into trouble in May 2023 after a $2 billion investment deal, reportedly with Saudi Arabia’s Savvy Games,fell apart at the last minute. Since then, Embracer haslaid off hundreds of employeesacross its studios, and closed Versus Evil, Free Radical Design, Campfire Cabal, and Volition outright.
TOPICSGearbox SoftwareEmbracer Group
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