Grand Theft Auto owner Take-Two has announced it's laying off around five per cent of its more than 11,500-employee-strong workforce in an effort to save $165 million annually. Around 600 full-time workers will be affected by the layoffs, and some unannounced games within the publisher are to be cancelled as a result. Take-Two declined to say what the projects are.
Certain Affinity lays off 25 members of staff
02.04.2024 - 12:29 / pcgamesinsider.biz
Developer Certain Affinity is laying off 25 members of staff.
As spotted by Eurogamer, the company's CEO Max Hoberman posted an update on its website, saying that these were the first time it had made job cuts in its existence to day. The exec said that there were multiple reasons for this, including fewer partners with projects to work on and a lack of investment.
"There are multiple factors underlying this decision to do a layoff for the first time in our 17+ year history," Hoberman wrote.
"Most significant is an industry-wide slow down in the funding of new lead and co-development projects and the reluctance of third party investors to fund games or game companies. This has made it exceptionally difficult to sign new work or secure other forms of funding.
"Our current focus is on our team and the well-being of those most impacted, whom we are supporting with severance pay and benefits continuation. We are also making their vested awards under our Stock Equity Plan portable so they may benefit from the company’s success in the future.
"We have built an amazing culture where we all come together to support one another in times of need. We ask for your understanding and patience while we navigate this unprecedented event."
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