The Take-Two Interactive logo with a GTA 5 skyline behind it.

Take-Two Interactive to Cut 5% of Staff, Cancels Several Projects

Just a few weeks ago, Rockstar parent company Take-Two Interactive announced it was acquiring Borderlands studio Gearbox for $460 million. Since then, however, the holding company has said it is laying off staff and canceling projects as part of a way to “identify efficiencies” across the business.

GTA 6 is still going ahead

According to a recent filing from Take-Two, the board of directors approved a “cost reduction program” on April 16, 2024. This will ultimately lead to the elimination of “several projects in development” while also “streamlining its organizational structure.”

The report goes on to say that the company estimates “approximately $160 million to $200 million in total charges.” One of the end results of this is the loss of staff. The cost reduction plan is expected to be “largely complete” by the end of this year and will see a 5% reduction in the workforce.

Which projects in particular are being canceled has not been specified, but this is highly unlikely to have an effect on Grand Theft Auto 6. No doubt word will spread soon enough about which games Take-Two has shelved.

The video games industry finds itself in dire straits, with yet more layoffs being announced by huge publishers and holding companies. The Rockstar and Gearbox parent currently has over 11,500 employees, which means around 575 people are about to lose their jobs.

On top of that, we still have no official word on when GTA 6 is likely to launch. It remains to be seen whether Take-Two Interactive will make an announcement anytime soon regarding the hotly anticipated game’s long-awaited release.

Upcoming Releases
Inspired by the beauty of the natural world around us, Everwild is a brand-new game in development from Rare where unique and unforgettable experiences await in a natural and magical world. Play as an Eternal as you explore and build bonds with the world around you.
Kindred Fates is an open world monster battling RPG, and a love letter to the monster battle genre. Our goal is to evolve the genre, and finally bring fans what they've been asking for.
Embark on an inspiring mission of human connection beyond the UCA. Sam — with companions by his side — sets out on a new journey to save humanity from extinction. Join them as they traverse a world beset by otherworldly enemies, obstacles and a haunting question: should we have connected?

Reviews

9 Insta360 Ace Pro Review
The Insta360 Ace Pro is the company’s latest flagship that hits hard at the competition. Top-tier specs leave little room…
X
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news