Take-Two is the latest big game publisher to can developers
Grand Theft Auto VI publisher Take-Two Interactive announced massive cuts in an SEC filing at the end of business today. The company revealed it will lay off 5 percent of its roughly 11,000-strong workforce and has cancelled several in-development projects valued at $140 million in an effort at “rationalizing its pipeline.” “The Company estimates that it will incur approximately $160 million to $200 million in total charges in connection with the Plan,” Take-Two wrote in its filing.
” These surprise cuts comes less than a month after Take-Two CEO Strauss Zelnick told IGN the company had “no current plans” to lay off any more employees following a “cost-reduction” program teased in a March investor call. The company is expecting a massive boost to sales when GTA VI launches. It’s currently slated to arrive in 2025.
Business Finance Take-Two Interactive Strauss Zelnick Windows Games Single-Player Video Games Microtransaction Bioshock Ken Levine Take-Two Good Times Ahead 2K Games Games For Windows Grand Theft Auto First-Person Shooters Kotaku
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