GTA 6 Parent Company To Cancel Games And Lay Off 5% Of Staff

After saying earlier this year that its impending cost reduction program wouldn't include layoffs, GTA parent company Take-Two has revealed that it will be cutting its workforce by approximately 5% throughout this year. The company also said it would be cancelling some unspecified projects as part of the cost reductions.

According to a filing with the United States SEC, the Take-Two board of directors has just approved its cost reduction plan. The plan will focus on "eliminating several projects in development and streamlining its organizational structure, which will eliminate headcount and reduce future hiring needs."

Take-Two estimates that enacting the plan will cost it around $160 to $200 million, with costs relating to title cancellations, employee severance, and reductions in the company's office space. The plan is expected to affect around 5% of Take-Two's workforce, approximately 600 employees.Continue Reading at GameSpot


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Ditulis oleh: jinx blog - Rabu, 08 Mei 2024