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GTA 6, Bioshock publisher Take-Two to lay off hundreds and cut projects
The company is cutting 5 percent of its workforce.
Take-Two Interactive, the gaming company behind franchises like Grand Theft Auto, NBA 2K, and Bioshock, has announced cost-cutting measures that will lay off “approximately five percent” of its global workforce and scrap several projects already in development. The company said in an SEC filing published on Tuesday that it is “streamlining its organizational structure, which will eliminate headcount and reduce future hiring needs.” Take-Two says it will incur charges of up to $200 million to enact its “cost reduction program,” which aims to save the company over $165 million per year. Grand Theft Auto VI, the highly anticipated title expected to launch next year is likely unaffected.
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