Neither GTA nor Red Dead owners were left out. Take-Two announces game cancellations, mass layoffs and layoffs – Grand Theft Auto VI

5% of the staff will be laid off, approximately 600 people from all Take-Two, Rockstar owners and GTA or Red Dead editors.

There’s bad news for Take two, owners of Rockstar Games and other major studios. The video game industry is in crisis and many companies are embarking on restructuring that includes game cancellations and mass layoffs. Today is the turn of the editor of such prestigious sagas as GTA and Red Dead Redemptionas the company will suffer from negative internal movements that will affect many people.

Today Take-Two itself reported via Bloomberg that will fire 5% of employees company, and that too will cancel several video games in order to save costs. The company revealed its plan at a presentation to the SEC, as they wish save over $165 million per year

and this restructuring is expected to be completed by December 31, 2024. This means that approximately 600 people will lose their jobs.

Apparently, this news had virtually no impact on the shares of the company headed by Strauss Zelnick. However, with the goal of saving a lot of money over the next few years, Take-Two foresees some expenses 200 million between canceled games and severance pay. The news comes just days after Take-Two spent $460 million to buy Gearbox. Borderland Developers.

Layoffs at Take-Two, owners of Rockstar

It is unknown how this measure will affect Take-Two studios and whether it will affect the popular Rockstar team. It is obvious that GTA 6 has not been canceled and that at the moment will not be delayed until 2026, but this news of layoffs does not boost the morale of any employee. Although he laid off a small number of employees last year, the company’s chief executive announced last February that he had no plans to lay off workers, and the plan never materialized.

On social media, some users remember that Take-Two expects to earn more than $8 billion in the current fiscal year (which ends on March 31, 2025), probably thanks to the launch of GTA 6. Be that as it may, the Game site has reported layoffs in the industry There are already 8,800 layoffs this year In the video games sector, there were about 10,500 last year, and in 2022 there will reportedly be 8,500.

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