Two months ago had Take Two still “no plans”, employees too dismissednow the bad news has come for several hundred employees: The GTA 6 publisher has announced that it wants to reduce its own costs by “making its own organizational structure more efficient”.
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Essentially, this means that five percent of the workforce is laid off and several at the same time Projects scrapped. As if that weren't enough, Take-Two also wants to reduce some of its office space in order to save further expenses. And this despite the fact that huge sales are expected for the new financial year – after all, the new game from Rockstar Games is due to be released in the foreseeable future.
Take-Two: Wave of layoffs & project settings
An exact number of how many employees Take-Two is laying off in view of its cost reductions is given in the notice of the company. In the last financial report, however, it was said that the company currently employs over 11,500 people – with planned layoffs of around five percent around 600 employees your job.
Take-Two hopes to save about $25 million to $35 million. In addition, they want to reduce the size of some offices, which could also reduce costs by 15 to 25 million US dollars. However, the lion's share of the savings comes from several projects Set Take-Two becomes. Overall, this is expected to save between $120 and $140 million in expenses.
Details Of course, the details of the individual projects were not revealed in this announcement. However, these are unlikely to be games that have already been announced. The upcoming first-person shooter Judas from Bioshock creator Ken Levine and GTA 6 are therefore unlikely to be affected by these savings.
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Record sales are expected
The announcement of the austerity measures comes just weeks after Take-Two announced Buy Borderlands developer Gearbox for around $460 million. This transaction is expected to be completed by the end of June, after which the studio will become a inherent part of the US group.
Beyond that Take-Two expects for the new fiscal year 2025which runs until March 31, 2025, one Record sales, although this is probably linked to a release of GTA 6. The publisher has recently been able to increase its sales: in the last fiscal quarter it generated $1.2 billion, which was higher than the previous year's results.
Despite positive numbers, there are layoffs – Take-Two is not alone in this approach. Also at other publishers and developers the red pencil was last drawn. At Microsoft had to leave around 1,900 employeeswhile Sony has thrown out almost 900 employees.