Take-Two Lays Off Hundreds of Employees

Recently, many gaming giants around the world have started to lay off their employees due to increasing costs. Today, a new one was added to these companies. Rockstar’s umbrella company, which developed the GTA series Take-Two Interactiveannounced that it would make mass layoffs.

According to the statement, the gaming giant will increase its total workforce by the end of this year. with 5% will part ways. this too Around 580 people It means he will be fired. Let’s note that Take-Two has a total of 11,580 full-time employees. The move, the company part of efforts to reduce costs It comes as.

Some projects will also be canceled

With layoffs Some projects under development will also be canceled It was stated that the organizational structure will be arranged. The company stated that this will eliminate the need for new personnel and reduce costs. No information was shared about which projects were shelved.

It was also announced how much mass layoffs and cancellation of projects would cost the company. Accordingly, Take-Two, for 200 million dollars You can pay up to. It was stated that $35 million of this would go to expenses such as employee compensation, and around $140 million would go to canceled games. The new move was the third cost-cutting step made by the gaming giant since 2023.

Apart from the GTA series, Take-Two has many popular productions played by millions of players around the world, including NBA 2K, Red Dead Redemption, Mafia, Borderlands, Max Payne.

The wave of mass layoffs in the gaming industry continues unabated. Previously E.lectronic Arts, Xbox, Riot, PlayStation We have seen similar steps taken from other giants such as.