Take-Two Interactive to Lay Off 5% of Its Workforce and Scrap Projects
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Take-Two Interactive will lay off 5 percent of its employees and cancel a number of games
Game publisher Take-Two Interactive has confirmed plans to lay off 5 percent of its total workforce by the end of 2024. It also will cancel the development of a number of its upcoming games.
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Take-Two Interactive cuts 5% of workforce, shutters projects amid cost-cutting measures
An SEC filing made by Take-Two reveals that it expects the cost-cutting efforts, which it calls "rationalizing its pipeline" and "streamlining its organizational structure," to incur costs of up to $200 million, including $35 million from employee-related costs and $140 million from canceled projects. There are also $15 million toRead Entire Article