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Reading: GTA 6 Publisher Take-Two Slashes Workforce, Cancels Unannounced Games
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GTA

GTA 6 Publisher Take-Two Slashes Workforce, Cancels Unannounced Games

Christopher
Last updated: 04/19/2024 7:19 PM
By Christopher
1 Min Read

According to The Verge, Take-Two Interactive, known for games like Grand Theft Auto and NBA 2K, is cutting costs by laying off about five percent of its global workforce and canceling some projects.

GTA VI Release Date Rumors Point To Possible 2026 Delay
GTA VI Release Date Rumors Point To Possible 2026 Delay

The company explained in a filing with the SEC that it is restructuring to reduce costs and won’t be hiring as much in the future. This restructuring could cost up to $200 million but is expected to save the company more than $165 million each year. The layoffs are expected to mostly finish by December 31, 2024.

A five percent reduction means around 579 out of their 11,580 employees might be affected. Take-Two hasn’t said which teams or projects will be affected. However, likely, big upcoming games like Grand Theft Auto VI won’t be affected.

This news comes during a tough time for the gaming industry, which has seen many layoffs since 2023. Take-Two is also buying Gearbox, the company behind Borderlands, for $460 million.

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By Christopher
I'm Christopher, and I write news for Gameempress.com. I've been writing news for game empress since 2021. I adore content writing and I wanted to be part of the team. So I took the job as a writer! I started out as an intern, then became a feature writer, then a senior writer. Now I write all over the place, from feature stories to columns on our website to social media posts. I love to writing games articles

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Reading: GTA 6 Publisher Take-Two Slashes Workforce, Cancels Unannounced Games

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