"Take-Two Interactive Announces Layoffs and Project Cancellations"
TL;DR
Take-Two, the publisher of Grand Theft Auto, is laying off 550 employees and canceling multiple in-development projects as part of its ongoing restructuring plan, despite previous statements from CEO Strauss Zelnick that the company had "no current plans" for layoffs. The company expects to incur significant charges related to the restructuring, with the program set to be "largely complete" by the end of the year. This announcement comes shortly after Take-Two's acquisition of Borderlands developer Gearbox and confirmation of a new Borderlands game in development.
Topics:technologybusiness-gaming#business-gaming#cancellation#layoffs#restructuring#take-two#video-game-industry
- Take-Two laying off 550 people, weeks after saying it had "no current plans" to do so Eurogamer.net
- GTA 6, Bioshock publisher Take-Two to lay off hundreds and cut projects The Verge
- ‘Grand Theft Auto’ Publisher Take-Two Interactive to Lay Off 5% of Workforce, Scrap Several Games Variety
- Take-Two laying off 5% of staff GamesIndustry.biz
- Take-Two Announces Layoffs While Canceling Multiple In-Development Projects IGN
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