It’s unfortunately time for yet another round of layoffs in the gaming industry as Take-Two Interactive announced a 5% reduction of its workforce. This translates to around 600 employees and follows similar reductions announced in the last few months by the likes of Epic Games, Riot Games, Microsoft, Sony, and Electronic Arts, not to mention many other such situations that occurred at smaller studios like Supermassive Games and Hidden Path Entertainment to name a couple. Here’s the so-called ‘Plan’, or cost reduction program, as Take-Two outlined it in a newly released 8-K SEC filing: On April 16, 2024 the Board […]
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