Take-Two Interactive, a major video game company that has produced many popular games such as ‘Grand Theft Auto’, recently announced major job cuts. The company will cut around six hundred employees, and the cuts will reduce Take-Two Interactive’s workforce by five percent. Affected employees will be provided with severance packages. The company will also cut various projects and reduce office space, and these changes will reduce company costs. Take-Two Interactive is just one of many companies in the video game industry that have conducted layoffs recently, with other major companies such as Sony, EA, Microsoft Gaming, Riot Games, and Epic Games all laying off employees as well.
See "Take-Two Interactive video game company to lay off hundreds of employees", Jennifer Maas, Variety, April 18, 2024