Take Two, known as the owner of Rockstar Games, the developer of GTA 6, recently announced that it will be making extensive layoffs. Despite vehemently denying these claims in recent weeks, the company is rumored to have made this decision due to significant financial pressures in recent times. By the end of 2024, the organization plans to part ways with 5% of its total workforce, amounting to around 600 employees. Here are the most important details about the situation…
GTA 6 producer Take Two, set to lay off employees
Alongside these layoffs, it is said that the company will also have to wrap up several important projects. The firm, which has tied its entire future to the upcoming Grand Theft Auto 6 game set to be released in 2025, is expected to save $165 per laid-off employee and is preparing to allocate this budget to the GTA 6 project. Given the significant costs associated with the game’s massive open world and next-gen graphics, failure is not an option.
The decision by Take Two, which closed out 2023 with a whopping $5.3 billion in revenue, has been met with great surprise in the technology sector. The company, which recently acquired Borderlands developer Gearbox, is also eagerly anticipated for its future moves. We hope that this development will ultimately be beneficial for all gamers.
What are your thoughts on this matter? What do you think the future holds for Take Two? Have you ever played any Grand Theft Auto games before? You can easily share your answers with us in the comments section below. Your opinions are highly valued by us.