In a major shakeup, Take-Two Interactive (T2) has announced plans to discontinue the development of several video games and lay off 5 percent of its workforce as part of a cost-saving campaign. The company, which is home to Rockstar Games, 2K, and Zynga studios responsible for popular titles like Grand Theft Auto and Civilization, aims to abandon multiple projects to save costs.
The specific titles affected by this decision have not been disclosed, but the company plans to let go of 5 percent of its workforce, which currently consists of 11,580 employees. It remains unclear whether this will impact the launch of Grand Theft Auto VI (GTA VI), which was officially announced by Rockstar Games last year for release in 2025.
Take-Two Interactive is implementing cost-saving measures that are expected to save the firm up to $200 million. Of this amount, $140 million is attributed to canceled projects and $35 million to staff-related expenses. This announcement follows CEO Strauss Zelnick’s recent comments about implementing a major cost reduction program to maximize profit margins.
Despite highlighting marketing as a significant expense, the CEO confirmed that there were no plans for layoffs as part of the company’s restructuring strategy. Take-Two Interactive joins other gaming companies like Unity Software, Riot Games, and Microsoft’s gaming division that have seen significant layoffs this year.
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