Highlights

  • Take-Two Interactive announces layoffs despite previous no-plans statement.
  • Layoffs part of broader industry trend affecting major gaming companies.

Latest news

Vande Bharat sleeper train achieves peak speed of 180 kmph during trial: Railways

Vande Bharat sleeper train achieves peak speed of 180 kmph during trial: Railways

Delhi Elections: Congress fields Alka Lamba to contest against Atishi from Kalkaji

Delhi Elections: Congress fields Alka Lamba to contest against Atishi from Kalkaji

Allu Arjun granted regular bail in theatre stampede case

Allu Arjun granted regular bail in theatre stampede case

Sensex, Nifty tank nearly 1 pc on selloff in banking, IT stocks

Sensex, Nifty tank nearly 1 pc on selloff in banking, IT stocks

India protests China’s new counties including parts of India and Brahmaputra dam project

India protests China’s new counties including parts of India and Brahmaputra dam project

Arvind Kejriwal hits back at PM Modi for 'AAPda' remark, accuses BJP of 'abusive politics'

Arvind Kejriwal hits back at PM Modi for 'AAPda' remark, accuses BJP of 'abusive politics'

Railway Board relaxes education norms for Level-1 posts; 10th pass, ITI holders eligible

Railway Board relaxes education norms for Level-1 posts; 10th pass, ITI holders eligible

Virat Kohli's form dips further, with his first innings average worse than Bumrah's in 2024

Virat Kohli's form dips further, with his first innings average worse than Bumrah's in 2024

GTA 6 publisher take-two cuts 600 jobs amid Industry-wide restructuring

Take-Two Interactive, the publisher behind GTA 6, shocks the gaming community by announcing layoffs despite earlier assurances. This move reflects broader industry trends as major gaming companies streamline operations amidst competitive pressures.

GTA 6 publisher take-two cuts 600 jobs amid Industry-wide restructuring

Take-Two Interactive, the publisher behind the highly anticipated Grand Theft Auto 6, has announced layoffs affecting approximately 600 employees, despite earlier assurances of no such plans. The decision revealed through filings with the Securities and Exchange Commission marks a strategic shift for the company as it aims to streamline operations and cut costs.

According to the filing, the layoffs are part of a broader effort to optimize Take-Two's pipeline and focus resources on key projects. This includes the cancellation of several games currently in development, reflecting a reevaluation of the company's portfolio.

While Take-Two initially stated that there were 'no current plans' for layoffs, the reality of the gaming industry's landscape appears to have necessitated this move. The company aims to complete the downsizing process by the end of 2024, signaling a significant restructuring effort.

This decision by Take-Two is not occurring in isolation but mirrors a trend seen across the gaming industry. Major players like Sony's PlayStation, EA, Microsoft Gaming, Riot Games, and Epic Games have all recently announced workforce reductions, indicating broader challenges facing the sector.

The layoffs at Take-Two raise questions about the company's future direction, particularly in light of the highly anticipated release of GTA 6. Despite these staffing changes, fans eagerly await updates on the game's progress and any potential impact the layoffs may have on its development.

ADVERTISEMENT

Up Next

GTA 6 publisher take-two cuts 600 jobs amid Industry-wide restructuring

GTA 6 publisher take-two cuts 600 jobs amid Industry-wide restructuring

Sensex, Nifty tank nearly 1 pc on selloff in banking, IT stocks

Sensex, Nifty tank nearly 1 pc on selloff in banking, IT stocks

Adani Group to face joint trial over USD 265 million bribery allegations in US Court

Adani Group to face joint trial over USD 265 million bribery allegations in US Court

Blinkit launches 10-minute ambulance service in Gurugram

Blinkit launches 10-minute ambulance service in Gurugram

Sensex, Nifty surge nearly 2 pc on buying in financial, IT stocks

Sensex, Nifty surge nearly 2 pc on buying in financial, IT stocks

Markets bid goodbye to 2024 with impressive gains; investors' wealth soars by Rs 77.66 lakh crore

Markets bid goodbye to 2024 with impressive gains; investors' wealth soars by Rs 77.66 lakh crore

ADVERTISEMENT

editorji-whatsApp

More videos

Sensex, Nifty decline on final session, close 2024 with over 8 pc gains

Sensex, Nifty decline on final session, close 2024 with over 8 pc gains

Elon Musk softens stand on H-1B visa programme, calls for 'major reforms'

Elon Musk softens stand on H-1B visa programme, calls for 'major reforms'

Prospects of economy expected to improve in 2025: RBI Governor

Prospects of economy expected to improve in 2025: RBI Governor

India’s housing market in de-growth phase, pins hopes on Budget

India’s housing market in de-growth phase, pins hopes on Budget

Govt Plans Major Tax Reforms in 2025 to Simplify Compliance

Govt Plans Major Tax Reforms in 2025 to Simplify Compliance

Stock markets to end 2024 with positive returns despite roller coaster ride

Stock markets to end 2024 with positive returns despite roller coaster ride

Foodgrain output set to scale new peak in 2025 as farm sector eyes 4 pc growth

Foodgrain output set to scale new peak in 2025 as farm sector eyes 4 pc growth

Indian economy to grow at 6.5-6.8 pc in FY'25 on higher domestic consumption: Deloitte

Indian economy to grow at 6.5-6.8 pc in FY'25 on higher domestic consumption: Deloitte

Rupee tumbles 3 per cent in 2024; turbulence to ebb in slow motion in next year

Rupee tumbles 3 per cent in 2024; turbulence to ebb in slow motion in next year

Branded hotels to log 13 to 14 per cent growth in FY'25: Report

Branded hotels to log 13 to 14 per cent growth in FY'25: Report

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.