In April, US publisher Take-Two Interactive announced internal restructuring and hundreds of layoffs. According to current reports, two studios will be closed as part of the cost-cutting measures.
After the last few months, industry giants like… PlayStation, Xbox or Electronic Arts After announcing extensive layoffs, US publisher Take-Two Interactive followed suit in April.
Advertisement
In an official statement, Take-Two Interactive spoke of measures that the company would like to complete by the end of 2024. It also said it aims to reduce ongoing annual costs by $160 million. According to current reports, Take-Two Interactive is closing its office in Seattle, USA, as part of austerity measures.
This results in 70 people losing their jobs in June. In addition, the closure of the Seattle offices will lead to the closure of the development studio Intercept Games. He most recently worked on “Kerbal Space Program 2”.
A second studio is apparently closing
Unconfirmed reports According to Intercept Games, the closure will not last. Instead, Take-Two Interactive is said to have decided to close a second studio. We're talking about the London studio Roll7. Take-Two's indie label Private Division only took over Roll7 in November 2021.
Roll7 was founded in 2008 and most recently released “OlliOlli World” and “Rollerdrome”.
Advertisement
When asked by several publications, Take-Two Interactive declined to comment on the possible studio closures. Instead, the publisher simply said that the future of “Kerbal Space Program 2” is secured despite current developments.
It remains to be seen whether and to what extent this will mean that employees of Intercept Games will be accommodated at other Take-Two branches after the studio is closed.
Take-Two Interactive's statement verbatim
“On April 16, Take-Two announced a cost reduction program to identify efficiencies across the company and improve the company's margin profile as it continues to invest for growth,” Take-Two Interactive said in a statement Game developer is present.
“As part of these efforts, the company is streamlining its pipeline and canceling several projects in development. It is also streamlining its organizational structure, which will result in job cuts and reduce future hiring needs. “The company is not disclosing any further details about this program,” the publisher said.
According to the April announcement, Take-Two Interactive will cut nearly 600 jobs as part of the restructuring. In addition, depreciation of almost $140 million will be incurred on discontinued projects.
Further news about Take-Two Interactive.
Discuss this news in the PlayStation Forum
Links to Amazon, Media Markt, Saturn and some other retailers are usually affiliate links. When you make a purchase, we receive a small commission with which we can finance the free-to-use site. You have no disadvantages.