- Reaction score
- 1,693
Take-Two Interactive has announced that it will lay off 5% of its workforce and cancel some of its games.
According to the GTA publisher, the move is to save around $165 million a year. The move that has already been approved by its board also calls for the company to find more ‘efficiencies’ across its business in order to boost profit margins.
In 2025, the publisher will launch arguably its most significant game ever, Grand Theft Auto 6, which is expected to bring in billions of dollars in revenue for the company. Its predecessor, Grand Theft Auto 5, sold $1 billion in units in a matter of days.
The company said in May 2023, it had 11,580 full-time employees worldwide as of March 2023.
insider-gaming.com
The gaming industry is in a pretty bad shape if the publisher of the successful GTA Online has to layoff people and cancel games.
According to the GTA publisher, the move is to save around $165 million a year. The move that has already been approved by its board also calls for the company to find more ‘efficiencies’ across its business in order to boost profit margins.
In 2025, the publisher will launch arguably its most significant game ever, Grand Theft Auto 6, which is expected to bring in billions of dollars in revenue for the company. Its predecessor, Grand Theft Auto 5, sold $1 billion in units in a matter of days.
The company said in May 2023, it had 11,580 full-time employees worldwide as of March 2023.
GTA 6 Publisher Take-Two to Layoff 5% of its Workforce and Cancel Games
Take-Two Interactive has announced that it will lay off 5% of its workforce and cancel some of its games in an effort to increase profits.
insider-gaming.com
The gaming industry is in a pretty bad shape if the publisher of the successful GTA Online has to layoff people and cancel games.
