GTA publisher Take-Two to cut 5% of staff as it cancels new games

Take-Two, the publisher of Grand Theft Auto, is laying off 5% of its workforce and canceling games in development to reduce costs, with an anticipated $165m in annual savings. This move comes after reporting a $92 million loss in Q3 and lowering revenue projections. The gaming industry is seeing a trend of companies cutting staff, [...]

from FunFect Games https://funfect.games/gta-publisher-take-two-to-cut-5-of-staff-as-it-cancels-new-games/