Lost Boys Interactive, a studio owned by Embracer, has laid off 139 employees, according to a WARN notice filed with Wisconsin’s Department of Workforce Development. The notice, reported by GI.biz, reveals that the job cuts affect staff across 28 states.

The layoffs were announced last week via LinkedIn, but the specific number of affected employees was not disclosed at that time. Shaun Nivens, CEO of Lost Boys Interactive, addressed the situation in a statement: “Today is a challenging day for Lost Boys Interactive as we face the difficult decision to reduce our workforce. We recognize the impact of this decision on our team members, who have contributed greatly to our success. Decisions involving staff reductions are never made lightly, and this action was taken only after considering all other options. We are committed to supporting them in every way we can during this transition.”

Lost Boys Interactive was acquired by Embracer in 2022. The recent job cuts come amid ongoing adjustments following the acquisition.

Any severance details

As of now, there are no specific details about severance packages or support provided to the employees affected by the layoffs at Lost Boys Interactive. The WARN notice and the announcement by CEO Shaun Nivens did not mention any severance arrangements or transition assistance for the laid-off staff.

Typically, severance packages can include financial compensation based on factors such as length of service, position, and company policies. Additionally, companies might offer extended health benefits, outplacement services, or other forms of support to help employees during their job search.

For now, employees impacted by the layoffs will likely need to await further communication from Lost Boys Interactive or Embracer regarding any severance or support measures.