Home ยป Announcement: Take-Two Interactive Unveils Workforce Reduction Plan, Terminates Some Game Projects

Announcement: Take-Two Interactive Unveils Workforce Reduction Plan, Terminates Some Game Projects

Take-Two Interactive Software, the parent company of 2K Games, Rockstar, and Zynga, has announced a plan to lay off around 5% of its workforce, totaling approximately 580 employees by the end of 2024. This decision is attributed to the need to reduce expenses.

According to Take-Two, this round of layoffs is expected to save around $160-200 million. In addition to the workforce reduction, the company is also cancelling some of its in-development game projects, although specific titles were not disclosed.

This latest round of layoffs marks the third wave of workforce reductions at Take-Two since the beginning of 2023.

Source: Take-Two, GamesIndustry

TLDR: Take-Two Interactive Software is planning to lay off 5% of its employees, approximately 580 people, by the end of 2024 to reduce expenses.

More Reading

Post navigation

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Head of Supercharger Team at Tesla Dismissed, New Vehicle Project, and Hundreds of Employees Let Go

Consolidation Announcement: Delivery Hero Unites Business Segments of Foodpanda, Foodora, Yemeksepeti into a Unified Team, Initiates Workforce Reductions.

Unveiling: AI Stability Seeking Acquirer amidst Accumulated Losses and Insufficient Liquidity