GTA 6 publisher Take-Two planning major layoffs ahead of sequel\u2019s launch Take-Two InteractiveGTA 6 publisher Take-Two Interactive is planning to have major layoffs as a part of its \u201ccost reduction plan\u201d ahead of the highly-anticipated sequel\u2019s launch in the coming years. Owner of both Rockstar and 2K Games, Take-Two Interactive has revealed that the publisher will be laying off multiple staff as a part of its new \u201ccost reduction program\u201d. The company revealed the upcoming layoffs during its earnings release for Q3 of the 2023 financial year. \u201cIn light of the current backdrop and Take-Two\u2019s strong commitment to efficiency, the company is implementing a cost reduction program expected to yield over $50 million of annual savings, which it will begin to realize in the fourth quarter of its Fiscal Year 2023.\u201d This restructuring will seemingly impact a wide range of personnel across Take-Two, with a primary focus on \u201ccorporate and publishing functions,\u201d the report read. On top of this, the publishing giant is also expecting to mitigate \u201cover $100 million\u201d in costs from its other mobile-focused division in Zynga. Similarly, these changes are \u201cnot expected to impact the delivery of its robust multi-year pipeline. \u201cTake-Two believes these actions, combined with its focus on profitably growing its scale, will enable the Company to maximize its margins as it delivers on its anticipated growth trajectory over the next few years.\u201d These layoffs have come as quite a surprise to the public, as despite the success of GTA 5 with over 170 million copies sold, Take-Two is still looking to lower costs ahead of the sequel\u2019s release. While no concrete date has yet been announced for the highly-anticipated sixth installment, we\u2019re sure to hear more on GTA 6 in the coming years, especially given a huge chunk of the game leaked just months ago. \u201cWe take leaks very seriously indeed and they disappoint all of us,\u201d Take-Two CEO Strauss Zelnick said on the same day as the layoff news arrived. \u201cIt\u2019s really frustrating and upsetting to the team, however as a business matter, we\u2019re not affected.\u201d These layoffs have become a recent trend in the gaming and tech industry due to the struggling economy, with Microsoft announcing 10,000 employees being laid off in the previous month. Alongside hit EA franchises like Apex Legends and Battlefield shutting down mobile ports unexpectedly.<\/p>\n","protected":false},"excerpt":{"rendered":"
GTA 6 publisher Take-Two planning major layoffs ahead of sequel\u2019s launch Take-Two InteractiveGTA 6 publisher Take-Two Interactive is planning to have major layoffs as a part of its \u201ccost reduction plan\u201d ahead of the highly-anticipated sequel\u2019s launch in the coming years. Owner of both Rockstar and 2K Games, Take-Two Interactive has revealed that the publisher […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-88078","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/88078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/comments?post=88078"}],"version-history":[{"count":0,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/88078\/revisions"}],"wp:attachment":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/media?parent=88078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/categories?post=88078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/tags?post=88078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}