Take Two is laying off 5% of it's workforce

[John Elden Ring]

Take Two Interactive (including Rockstar, 2K and Private Division) just announced it will lay off about 5% of its workforce, cancel games and end projects.

April 16 (Reuters) - Take-Two Interactive Software (TTWO.O), opens new tab will lay off about 5% of its workforce, or around 600 employees, the publisher of the "Grand Theft Auto" franchise said on Tuesday, as the video-gaming industry extends its more than two-year long job cuts.

The company will also scrap several projects in development as part of a cost-reduction plan, which is expected to result in total charges of up to $200 million. It declined to name the projects that have been canceled .

 

[Would_you_kindly]

Didn't they literally just announced they were buying gearbox

 

[Would_you_kindly]

We'll find out what was cancelled anyway so they may as well say lol

 

[anonpuffs]

That'd be cold af if they bought gearbox just to shut them down immediately lmao

 

[Gods&Monsters]

How many pages this is gonna get compared to Bungie and Sony

 

[Box]

I'm more surprised Geoff Keighley is reporting on this

 

[Shadow2027]

I wonder how many of firings were made up of people bitching on social media about being told to return to office lol

 

[Sloane_Ranger]

I wonder how many of firings were made up of people bitching on social media about being told to return to office lol

THIS. I bet quite a few have expresssed unhapiness diretly, and some have not shown back up - this happened a lot post covid lockdown. They fire those who won’t and use the dissention as a means to clean house where possible.