Grand Theft Auto publisher Take-Two Interactive lays off 600 employees and axes game projects

GTA Online

The wave of job cuts flooding the games industry doesn’t appear to be slowing down anytime soon, as this time around Grand Theft Auto publisher Take-Two Interactive has announced it’s laying off 5% of its workforce, or 600 employees in total.

The round of firings is part of a series of wider cost-cutting measures for the company, which has also cancelled an unspecified number of in-development game projects and reduced some office space. Take-Two projects that these moves will save $165M annually.

News of layoffs is always upsetting for industry watchers, but this announcement is particularly harsh considering Take-Two CEO Strauss Zelnick said in a February quarterly earnings call that the company had no current plans for layoffs; it would appear that the $460M buyout of Gearbox has changed his mind on that.

sources: Reuters and Variety via MMO Fallout
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