Many layoffs confirmed at Take Two Interactive

This year has been complicated in the video game industry, since only in the first few it was reported that some of the large companies would be laying off a large part of their work team, starting with Microsoft, who let just under 2,000 people go. However, it hasn't stopped there, so more companies are joining the trend, including car owners. Rockstar Gameswho not long ago acquired gearbox.

According to what has been shared by the page Reuters, Take Two Interactive is laying off 5% of its staff divided among several development studios, this means that 600 people will be leaving their positions with presumed compensation from the company. This is a kind of follow-up to companies that want to cut positions that do not really contribute to profits, especially when large projects have been launched and there is not much left to do.

Take Two Interactive (including Rockstar, 2K and Private Division) just announced it will lay off about 5% of its workforce, cancel games and end projects. pic.twitter.com/H7OyDe7QTu

— Geoff Keighley (@geoffkeighley) April 16, 2024

It is worth mentioning that there are also projects that have been canceled within the developments, many of them have not yet been announced, and of those that people know, it has not been mentioned which ones have already been permanently ruled out. For their part, projects such as Grand Theft Auto VI They haven't been harmed, so people shouldn't worry about that part.

Here is more information about the company:

Take-Two Interactive Software, Inc. is an American developer, publisher, and distributor of video games and video game peripherals. It was founded in 1993 and is headquartered in New York City. Take-Two is especially known as the parent company of several prominent video game publishers, including Rockstar Games and 2K.

Author's note: It is not a happy time for the industry, and analysts say there will be many more layoffs. So large video game companies should not let their guard down.