TAKE-TWO drops HUNDREDS of staff, cancels projects as GTA 6 looms

Take-Two Interactive, the publisher behind the highly anticipated GTA 6, has recently announced a significant downsizing, affecting approximately 5% of their workforce. This action intends to streamline the organizational structure and cut costs by terminating about 600 employees' positions. Beyond the job cuts, Take-Two is also canceling several undisclosed projects and downsizing office spaces to save between $25-35 million and $15-25 million, respectively. Despite these cutbacks, the company expects a record revenue in the fiscal year 2025, partially due to the forthcoming release of GTA 6 from Rockstar Games, and has also recently acquired Gearbox Entertainment, the developer of Borderlands, for $460 million.

What is the expected impact of the Take-Two Interactive layoffs on the development of GTA 6?

It is not expected that the layoffs at Take-Two Interactive will impact the development of GTA 6, as the game is highly anticipated and likely seen as a crucial upcoming title for the company. The downsized projects are not thought to include GTA 6 or other major announced titles.

GTA 6 is the successor to Rockstar Games' Grand Theft Auto V, which was a colossal success in the gaming industry, breaking multiple sales records. The series is known for its open-world design, allowing players extensive freedom to explore the game world, engage in a myriad of activities, and follow an extensive narrative through its main missions. The anticipation for GTA 6 is significant due to the cultural impact and financial success of its predecessors.