Sony has indefinitely shuttered the online servers for PlayStation 4 platformer LittleBigPlanet 3, months after it claimed it “temporarily” took the game offline while it resolved technical issues.
17.04.2024 - 01:11 / videogameschronicle.com / Andy Robinson / Strauss Zelnick
Take-Two Interactive, the publisher behind Grand Theft Auto, has announced plans to cut around 5 percent of its workforce, or around 600 people.
In a statement published on Tuesday, the company said the cuts would result in the cancellation of unnamed in-development game projects.
Take-Two estimates the cuts will save it around $160 million annually. The Plan is expected to be largely complete by December 31, 2024.
The announcement comes weeks after it was confirmed that Take-Two is acquiring Borderlands maker Gearbox in a deal worth $460m.
Take-Two CEO Strauss Zelnick had indicated that it intended to reduce costs earlier this year, but claimed at the time that there were “no current plans” for layoffs.
Last February, the company implemented an earlier “cost reduction program” which saw it trying to make annual savings of $50 million.
This resulted in a round of layoffs the following month, with staff at several divisions affected, including its indie publishing label Private Division.
In the year since Take-Two’s previous cost reduction program, layoffs have become a frequent occurence across the games industry. Job losses across the industry were widespread in 2023, with 9,000 layoffs estimated, and they don’t appear to be slowing this year.
The estimated total number of layoffs in 2024 so far has already reached 8,800 according to technical artist Farhan Noor’s website Game Industry Layoffs, which has been tracking confirmed games industry job cuts since the start of last year.
Sony has indefinitely shuttered the online servers for PlayStation 4 platformer LittleBigPlanet 3, months after it claimed it “temporarily” took the game offline while it resolved technical issues.
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GTA 6 publishers Take-Two Interactive have announced that they're "rationalizing" their "pipeline" and positioning/restructuring/streamlining for growth by, you guessed it, laying off a load of people and cancelling a bunch of games. As detailed in a Security Exchange Commission filing, Take-Two are doing away with five per cent of the approximately 11,000 people who work for them, and have cancelled several in-development projects worth tens of millions of dollars.
UK developer and publisher Kwalee is cutting around ten per cent of its staff.
Grand Theft Auto maker Take-Two is laying off five per cent of its workforce as part of a new cost cutting program.
It's unfortunately time for yet another round of layoffs in the gaming industry as Take-Two Interactive announced a 5% reduction of its workforce. This translates to around 600 employees and follows similar reductions announced in the last few months by the likes of Epic Games, Riot Games, Microsoft, Sony, and Electronic Arts, not to mention many other such situations that occurred at smaller studios like Supermassive Games and Hidden Path Entertainment to name a couple.
Grand Theft Auto publisher Take-Two has announced it will lay off five percent of its 11,000-strong workforce — equating to around 550 people — and cancel multiple in-development projects. The company said the move was the next stage in its ongoing restructuring plan, which began in February.
Take-Two Interactive Software will lay off about 5% of its workforce, or around 600 employees, the publisher of the "Grand Theft Auto" franchise said on Tuesday, as the video-gaming industry extends its more than two-year long job cuts.
Take-Two Interactive has announced they will be laying off 5 % of their workforce, and cancelling several games in development.
Take-Two Interactive, the powerhouse behind the beloved Grand Theft Auto franchise, including the highly anticipated GTA 6, is scaling back its staff and shelving certain gaming ventures. This move reflects a broader trend of restructuring and layoffs within the gaming realm in recent years.
Take-Two Interactive is embarking on another cost cutting program, and this one will see the company layoff about 5% of its employees by the end of the year.
GTA 6 publisher Take-Two Interactive has announced it's laying off 5% of its workforce and canceling several projects.