Take-Two Interactive, publisher of GTA 6, cuts 600 jobs and cancels projects to save $165M annually due to slowing PC/console gaming revenue.
Take-Two Interactive, the publisher behind popular gaming franchises including Grand Theft Auto (GTA) 6, plans to cut 600 jobs (5% of its workforce) and cancel multiple projects in development, in a move aimed at saving $165 million annually. The company cites slowing revenue growth in PC and console gaming as the reason for these cost-saving measures, which follow a trend of layoffs and restructurings in the gaming industry over the last couple of years.
April 16, 2024
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