The bleeding of the industry reaches Take-Two: the company behind 'GTA' will lay off hundreds of employees and cancel projects

The shadow of layoffs continues to spread across the video game industry. Take-Two Interactive, the American giant behind products like 'Grand Theft Auto', 'Civilization' and 'NBA 2K' will lay off 5% of its workforce and cancel projects.

The move has come to light through a company filing with the United States Securities and Exchange Commission. According to Reutersthe document refers to a cost reduction plan that can reach 200 million dollars.

Layoffs at Rockstar Games headquarters

The exact number of employees who will no longer be part of Take-Two Interactive or the specific areas on which the cut will fall is not specified. The financial results indicate that the firm employed approximately 11,500 people in March 2023.

There is also no detailed information about the projects that will be affected by the cost reduction plan. In any case, we could hope that Take-Two Interactive's flagship product will not be directly affected by the announced measures.

After several rumors and leaks, Rockstar Games announced GTA VI. The title, which is one of the most anticipated in recent times, should start arriving in 2025 to PlayStation 5, Xbox Series X|S and PC, if there are no delays in development, of course.

Now we are talking about cuts, but previously the Take-Two name has been associated with various acquisitions. Last March, for example, the company agreed to buy Gearbox Entertainment for $460 million.

And, as we say, it is not the only player in the video game industry that has announced a plan for cuts and layoffs of part of its staff. We have recently seen giants like Electronic Arts, Unity and Sony follow this path.

Images | Rockstar Games

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