Gearbox Layoffs Hit Staff Hours After Being Sold By Embracer
Just hours after being sold by Embracer Group to Take-Two Interactive, layoffs have hit the staff at Gearbox Entertainment.
insider-gaming.com
March 28, 2024·1 min read
GEARBOX LAYOFFS ITs STAFF HOURS AFTER BEING SOLD BY EMBRACER
It took less than a day for employees at Gearbox Entertainment to be hit with layoffs after being sold by Embracer Group.
According to multiple posts on social media, a number of people are no longer working for Gearbox after it was announced that the company is being purchased by Take-Two Interactive.
“Along with countless others, I’ve just been informed I’ve been laid off at Gearbox,” former PR manager Jennifer Locke posted on Twitter. “It really was a dream come true working on this team, and I’m incredibly grateful for my time here.”
Senior User Research Investigator also posted on the platform saying, “I just lost my job.”
“Following the exciting news of the Take-Two Interactive & Gearbox Entertainment merger last night, I, like many others, received the unfortunate news this morning that my position will no longer be required,” former director of online engagement Chris Harada posted on LinkedIn.
“After three incredible years at Gearbox, my journey with the company has concluded.”
Another former PR staff member, Steve Prince, also confirmed on LinkedIn that he was among the cuts.
As of writing, it’s unclear how many people were impacted by the layoffs.
Insider Gaming has reached out to Gearbox and Take-Two Interactive for comment on the layoffs. Should a response be received, this story will be updated accordingly.
When the deal closes, Take-Two will acquire Gearbox for $460 million. The entirety of the purchase will be paid to Embracer in the form of new common stock.
