Video game developer firing Orlando area employees as part of massive layoffs

A video game development company that has worked on major titles including Call of DutyPlayerUnknown’s Battlegrounds, and Borderlands, has terminated the contracts of several local employees as part of a series of massive layoffs dating back to last Summer.

Lost Boys Interactive, LLC, made the announcement on Thursday, January 11, in a Worker Adjustment and Retraining Notification filing with the Florida Department of Commerce.

According to the notice, the company says it will terminate 125 employees across the U.S. and Canada. In Central Florida, the layoffs include two employees from Orlando, one from Mount Dora, and one from Deltona.

Employees are expected to be “separated from employment beginning March 15, 2024,” according to the filing.

The company gave no reason behind the layoffs in its filing, but says it expects the move to be “permanent.”

Based in Wisconsin, Lost Boys Interactive was acquired by Embracer-subsidiary Gearbox in 2022. Embracer is a video game and media holding company based in Karlstad, Sweden.

According to the Lost Boys website, the business currently employs over 400 employees across North America.

In the Summer of 2023, Embracer made public statements regarding the company’s spending for mergers and acquisitions.

At the time, CEO Lars Wingfors said the organization would shut down or downsize a collection of its studios that were projected to produce lower returns.

In addition to the terminations in the Orlando-area, two other employees were terminated in Florida.

Most Popular

Comedian Ron White heading to Hard Rock Live Orlando this week

A comedian who shot to international fame through his time on the Blue Collar Comedy Tour will perform in Orlando this Friday, and a handful of tickets are still available.

Two arrested for fatally shooting man at Orlando gas station

Two men have been arrested and charged with murder in connection with a shooting at an Orlando gas station that left one man dead earlier this month.

Shooting at Deltona park sends man to hospital

The Volusia County Sheriff’s Office is investigating a shooting incident at a local park that sent one person to the hospital on Sunday night.

Motorcyclist dies after striking sign, tree in Volusia County

A 71-year-old Deltona man was killed on Saturday evening after he lost control of his motorcycle and crashed into a tree in Volusia County.

Bad Bunny to perform 2 shows in Orlando next month

Bad Bunny, a world-famous singer and rapper, is returning to Orlando next month for two shows on back-to-back nights as part of his upcoming tour.

1 killed, 2 injured in rollover crash on I-4 in Volusia

One person was killed, and two others were seriously injured, in a two-vehicle crash on Interstate 4 in Volusia County early Saturday morning.
Orlando
clear sky
59.4 ° F
62.9 °
54.8 °
92 %
0.3mph
0 %
Tue
88 °
Wed
89 °
Thu
94 °
Fri
93 °
Sat
92 °