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After making $8.5 billion from GTA (dewjagaming_♡♤◇)
15K View2024-04-18By Dewja gaming ♡♤◇♧
GTA 6 publisher Take-Two Interactive has announced it's laying off 5% of its workforce and canceling several projects.
GTA 6 publisher Take-Two Interactive has announced it's laying off 5% of its workforce and canceling several projects.
Per Bloomberg, Take-Two revealed in an end-of-business SEC filing a plan to save itself more than $165 million annually due to "reductions in its existing expense base and lowered projected expense growth for the coming years." In the process, it'll incur up to $200 million in charges, the majority of which - up to $140 million - is related to the cancelation of projects, while another $25 million to $35 million is related to employee severance and related costs. Take-Two is also reducing its office space as part of the plan.
Back in February, Take-Two CEO Strauss Zelnick said that the company had "no current plans" to undergo layoffs. To see this turnaround is particularly galling, not least because in GTA 5, Take-Two owns one of the industry's greatest cash-cows - Rockstar's game has made at least $8.5 billion since its release in 2013.
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‘Grand Theft Auto’ Publisher Take-Two Interactive to Lay Off 5% of Workforce, Scrap Several Games
By dewja gaming
Take-Two filed paperwork with the SEC Tuesday regarding the downsizing, which it says will be “largely complete” by the end of 2024.“As part of these efforts, the Company is rationalizing its pipeline and eliminating several projects in development and streamlining its organizational structure, which will eliminate headcount and reduce future hiring needs,” per Take-Two’s filing.
Inster_dewjaX5K2024-04-20
Take-Two Take Down Goat Simulator 3 Ad for Using GTA VI Leaks
Cecil Gao -- Superpixel
Goat Simulator has been wild on Twitter for years. They are used to joking around with IRL celebrities, news and video games by attaching that crazy goat to them.
However, the studio met their Waterloo in the field of goat memes recently when they picked a fight with Rockstar Games' parent company Take-Two.
The whole thing started when Goat Simulator used some of Rockstar's GTA VI footage, which had been leaked by hackers in September, in a prank ad video.
Superpixel1K2023-01-05
Why Fans Believe GTA 6 Is Close To Launch
After years of waiting, GTA 6 fans believe that Rockstar's next game could be crossing the development finish line soon. Twitter account GTA 6 News & Leaks 2.0 (via GamesRadar) uploaded screenshots from various sources that have all claimed to show the game off in a more complete state when compared to last year's massive leak of in-development footage. More than 90 videos and screenshots surfaced from an early build of the game and a London-based hacker was arrested, allegedly in connection with the leak.
User508411045(Muted)1K2023-02-02
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2024-04-20
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