After Ubisoft, Embracer and EA, GTA publisher Take-Two has now also decided to cut jobs. Almost 5 percent of the workforce loses their jobs. The company also announced that it would be discontinuing some projects at the same time in order to save further costs.
GTA publisher reveals new savings plan
Is the gaming industry in a bit of a crisis? More and more large publishers are cutting jobs and restructuring. Now Take-Two has also announced that they… wants to lay off 5 percent of the workforce by the end of the year.
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They also want to stop the further development of some projects and revise the organizational structure. The latter is intended to help reduce the number of employees and future positions required.
The group expects that with the new savings plan saving around $165 million per year (Source: Take-Two). At the same time, the implementation of the savings plan is also expected to cause one-time costs of between 160 and 200 million US dollars, as Take-Two has to pay out severance payments to employees or clear out offices, among other things.
Take-Two is far from the only publisher putting the brakes on costs:
Austerity at Take-Two: Is GTA 6 now in danger?
Take-Two leaves open which areas of the publisher will be affected by the job cuts. So it's quite possible that the Rockstar Games studio, which is currently in the process of developing GTA 6, will also be affected.
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However, we assume that Take-Two will try to minimize the cost-cutting measures at its flagship studio before the big release. After all, it should be in the company's interest to… The release of GTA 6 will no longer be delayed. After all, fans have been waiting for the official successor for over eleven years now – and the hype sparked by the first official trailer was gigantic.
Did you notice these hidden details in the GTA 6 trailer?