Embracer-owned Lost Boys Interactive reportedly undergoes 'sizable' layoffs

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.

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.»

Pace's report was corroborated by numerous other Lost Boys employees including art director Nick Barone, who described the layoffs as «the hardest day of my career.»

«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.»

«Unfortunately, I am part of the people impacted by the layoffs at Lost Boys Interactive under the Gearbox/Embracer Group,» concept