Take-Two Layoffs

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Take-Two Interactive, the publisher behind the highly anticipated Grand Theft Auto VI, announced layoffs in April 2024 as part of a major cost reduction program. The company is cutting approximately 5% of its workforce, which translates to about 579 employees, and canceling several in-development projects. This move, expected to incur significant charges, contradicts earlier statements from CEO Strauss Zelnick, who had claimed there were "no plans" for layoffs. The decision is framed as streamlining operations and eliminating projects to optimize costs, with the program set to conclude by the end of 2024. This action places Take-Two within a wider trend of industry-wide layoffs affecting major publishers throughout the year.

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