Take-Two cuts 5% of staff in new cost cutting program

Take-Two Interactive recently joined the ever-growing list of video game companies implementing layoffs, with the company announcing that it was cutting 5% of its workforce (roughly 600 jobs) as part of a wider cost-saving initiative that would also see projects being cancelled. Unfortunately, it seems one publishing label operating under the company has been hit the hardest.

Take-Two publishing label Private Division has reportedly laid off the “vast majority” of its teams in Seattle, New York, Las Vegas and Munich.

Despite having the best-selling game of all time in Grand Theft Auto V, and GTA VI on the way, mega publisher Take-Two Interactive have been going through some belt-tightening, recently cutting 5 percent of its workforce and canceling some projects. When the news of the cuts were first announced, we didn’t know exactly who was impacted or which games had been canned, but we may now have a better idea.

Take-Two is closing two game studios under their Private Division label, with Kerbal Space Program 2 developer Intercept Games shutting down (as we already knew) and OlliOlli and Rollerdrome studio Roll7 following them into the twilight.

Bloomberg reports that Grand Theft Auto publisher Take-Two Interactive will close two game studios as part of a recently announced plan to lay off 5% of its workforce.

More details have emerged about the ongoing layoffs at Take-Two Interactive, with reports suggesting the publisher has shut down two indie-size studios.

This one's a bummer. Mega-publisher Take-Two Interactive is shuttering Rollerdrome studio Roll7 and Kerbal Space Program 2 team Intercept Games, according to paperwork seen by Bloomberg.

Take-Two is reportedly planning to shut down Private Division studios Roll7 and Intercept Games as part of recently announced restructuring.

Intercept Games is among the many casualties of Take-Two Interactive's layoffs, as its parent company is laying off 70 people from the developer behind the Kerbal Space Program 2.

Last month, GTA 6 publishers Take-Two Interactive announced plans to "rationalize" their "pipeline" by laying off five per cent of their workforce - around 580 people - and cancelling various games. As part of that, they're reportedly now doing away with 70 positions at their Seattle offices - Seattle being the home of the Take-Two-owned Intercept Games, the current developers of space sim Kerbal Space Program 2.

The future of Kerbal Space Program 2 studio Intercept Games appears uncertain amid ongoing restructuring at owner Take-Two Interactive.

Intercept Games is reportedly shutting down as Take-Two enacts their cost-reduction plan and layoffs across the company, with the Kerbal Space Program 2 developer’s continued existence now in doubt. Despite this, Take-Two has pledged to continue providing support and updates for the game’s PC Early Access release.