Embracer Group layoffs continue at Lost Boys Interactive, staff report

A number of employees at the Embracer owned studio Lost Boys Interactive have reported on LinkedIn and Twitter / X that they've been laid off from their jobs. The studio, which is owned by Borderlands developer Gearbox Software (a subsidiary of Embracer Group) previously assisted with the development of games including Tiny Tina’s Wonderlands and Diablo 4 .

At the time of writing, neither Lost Boys Interactive nor Embracer have released an official statement confirming the matter, and it’s not clear how many people have been affected. TechRadar Gaming (TRG) has reached out to Embracer and Lost Boys Interactive for comment, and we will update this article if we receive a response.

As Aftermath reports , a producer at Lost Boys Interactive, Jared Pace, was one of those who took to social media with the news. On Twitter / X, Pace wrote : “Stop me if you’ve heard this before, but Lost Boys Interactive announced today it was letting go of some of its team, including myself. Please reach out if you know of someone in need of a producer or really any position.

Looks like many disciplines and [experience] levels were affected.” Producer Kevin Eckstein shared a similar post , stating that he was also impacted by layoffs, and added: “Lots of talented people are now looking for work.” Senior game systems designer Travis Thompkins wrote : “Getting laid off is never fun, but I've survived this before...

I'll survive it again. Shout out [to] my team at Lost Boys Interactive; to those who got let go with me, and those who remain. We made some gnarly stuff.” Last year, an enormous number of staff at Embracer owned studios were laid off as part of a wider restructuring move. As of the end of September 2023, over 900 people had been impacted , but this number rose further before the end of the year with layoffs reported at Fishlabs , Slipgate Ironworks, and 3D Realms .

TimeSplitters studio Free Radical Design was also closed in December . Back in November, Embracer’s interim chief strategy officer, Phil Rogers, described the mass layoffs as an “agonizing process” but said that restructuring is “how we win.” He added that “it's a necessary thing for us to hit our new and needed goals.” Expand your gaming library with more fantastic games with our picks for the best PC games , best PS5 games , and best Xbox Series X games ..