Take-Two Interactive will lay off 5 percent of its employees and cancel a number of games
by Neowin
Neowin— Game publisher Take-Two Interactive has confirmed plans to lay off 5 percent of its total workforce by the end of 2024. It also will cancel the development of a number of its upcoming games.
VentureBeat—Take-Two lays off 5% of employees, scraps in-development games. Take-Two Interactive joins the list of companies laying off employees as it undertakes cost-reduction measures, including canceling projects.
Engadget—Take-Two plans to lay off 5 percent of its employees by the end of 2024. Take-Two Interactive plans to lay off 5 percent of its workforce, or about 600 employees, by the end of the year, as reported in an SEC filing Tuesday. The studio is also canceling several in-development projects. These moves are expected to cost $160 million to $200 million to implement, and should result in $165 million in annual savings for Take-Two. As the owner of Grand Theft Auto and the parent company of Rockstar Games, 2K, Private Division, Zynga and Gearbox, Take-Two is a juggernaut in...
Tech Times—Take-Two Interactive Layoffs: Will GTA 6 be Affected? Other Games Already Canceled. Take-Two Interactive will soon effect layoffs, massive restructuring affects games, and there are fears for GTA 6.