The future of Gearbox will reportedly be revealed in March 2024.
Saber Interactive will reportedly become a privately-owned company in future.
The cuts were part of a company-wide restructure program initiated in June 2023.
Piranha Bytes is seemingly facing closure as part of Embracer Group's ongoing restructure.
Lost Boys Interactive was founded in 2017, and was later acquired and expanded by Gearbox.
TimeSplitters studio Free Radical has reportedly been confirmed to be facing imminent closure.
The long-in-development remake may not see the light of day.
Embracer Group began its company-wide restructure in June 2023, following the collapse of a major USD $2 billion deal.
Free Radical was re-established just two years ago, but may already be in danger.
Egil Strunke served as the chief operating officer of Embracer Group for eight years.
