Take-Two Interactive lays off 5 percent of staff weeks after company said it had 'no plans' for layoffs – Knowligent
Take-Two Interactive lays off 5 percent of staff weeks after company said it had 'no plans' for layoffs

Take-Two Interactive lays off 5 percent of staff weeks after company said it had 'no plans' for layoffs

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Summary by Dotesports com • 12 News on Youtube • Published 7 months ago

Take-Two Interactive announced plans to lay off five percent of its staff, just weeks after the company said there were "no plans" for job cuts.

Intel plans to lay off 15% of its workforce

The gaming industry was hit by layoffs in 2024, a trend that has continued after the publisher of Grand Theft Auto 6 cut jobs and canceled projects, in a move the publisher said would save it $165 million annually.

Take-Two Interactive outlined its plans in an SEC filing on April 16, and the announcement comes as a particularly tough blow considering that CEO Strauss Zelnick said just a few weeks ago that there were "no current plans" for job cuts.

Zelnick made the comments to IGN ahead of Take-Two's third-quarter earnings report, which followed news that Rockstar had ordered GTA 6 developers to return to their roles in February.