"The need to adapt to shifting market conditions within the video game industry has required us to reassess our operations to align with the evolving needs of our business and our partners," the devel...
Following Gearbox's sale to Take-Two, these studios will be "welcomed and integrated" into other parts of the Embracer Group.
The Gearbox Entertainment-owned studio, which has previously provided development support on Tiny Tina's Wonderlands and Diablo 4, employed over 400 people prior to layoffs.
Lost Boys Interactive, which also worked as a support studio on Tiny Tina's Wonderlands, has been acquired by Gearbox Entertainment.
