Many layoffs have been confirmed at Take Two Interactive

This year has been complicated in the video game industry, as only the first few reported that some major companies would be laying off a large part of their work teams, starting with Microsoft, who let go of just under 2,000 people. However, it didn’t stop there, so more companies, including car owners, are joining the trend. Rockstar GamesThose who acquired it not too long ago gearbox.

As shared by Page Reuters, Take Two Interactive It is laying off 5% of its workforce, divided among various development studios, which means that 600 people will leave their positions with supposed compensation from the company. This is a kind of follow-up for companies that want to cut positions that don’t really contribute to profits, especially when big projects have been launched and there isn’t much left to do.

Tech Two Interactive (including the Rockstar, 2K and Private divisions) has just announced that it will be laying off about 5% of its workforce, canceling games and ending projects. pic.twitter.com/H7OyDe7QTu

— Geoff Keighley (@geoffkeighley) April 16, 2024

Tech Two Interactive (including Rockstar, 2K, and Private Division) has just announced that it will be laying off about 5% of its workforce, canceling games, and ending projects.

It is noteworthy that the development also includes canceled projects, many of which are yet to be announced, and which, as far as people know, have already been permanently cancelled. For their part, such projects Grand Theft Auto VI They are not damaged, so people should not 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 most notably known as the parent company of several prominent video game publishers, including Rockstar Games and 2K.

Rockstar Games is famous for creating some of the industry’s most successful and well-known video game franchises such as Grand Theft Auto (GTA), Red Dead Redemption and the Max Payne series. On the other hand, 2K is known for games like NBA 2K series, Borderlands series of games and XCOM strategy series.

Take-Two Interactive has established itself as one of the largest companies in the video game industry for its ability to create high quality games that are enjoyed by critics and players alike. The company also stands out for its business model, which includes not only the sale of games in physical and digital formats, but also downloadable content, microtransactions, and other online services.

Layoffs are predicted to continue in the industry.

Author’s Note: It’s not a happy time for the industry, and analysts say more layoffs will follow. So the big video game companies shouldn’t let their guard down.

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