The crisis in the video game industry has also affected Take-Two Interactive. The publisher of famous series, including Grand Theft Auto, Red Dead Redemption, Mafia, NBA 2K, Borderlands or Civilization, has announced cuts.
Take-Two will lay off 5 percent of its staff, which is approximately 600 people. An undetermined number of games currently in development will also be cancelled. The moves are expected to save the company approximately $165 million annually. The plan must be substantially completed by December 31, 2024.
Layoffs and project cancellations from parent company Rockstar Games, 2K, Private Division and Zynga come weeks after for 460 million dollars bought Studio Reducer, authors of the Borderlands series. At the same time, he is preparing big titles such as Grand Craft Auto VInew Mafia, another Borderlands or Judas from the creator of BioShock.
Take-Two was already fired from its independent publishing house Private Division last year. At the time, the goal was to save $50 million.
It is estimated that this will happen worldwide in 2023. 10,500 employees laid off. He was supposed to lose his job this year 8800 people. Of these, 1,800 were fired by Unity, 1,900 by Activision Blizzard, already part of Microsoft, 670 by Electronic Arts and 530 by Riot Games.
Source :Indian TV
