Home Grand Theft Auto publisher Take-Two announces layoffs and scraps some projects

Grand Theft Auto publisher Take-Two announces layoffs and scraps some projects


  • Take-Two to lay off 5% workforce, cut projects.
  • 600 employees affected, $165M annual savings expected.
  • Project cancellations lead to $140M write-off.

Take-Two Interactive, the parent company of 2K Games and Grand Theft Auto maker Rockstar Games will lay off about 5% of its workforce and cut some projects as part of a cost-reduction plan, the company said on Tuesday.

The workforce reduction means about 600 employees will lose their jobs. Take-Two said it expects to see about $165 million in annual cost savings as a result. At last count, in March 2023, the company had about 11,580 full-time workers.

The canceled projects will amount to a $140 million write-off, according to Reuters. Getting rid of the employees will cost Take-Two another $35 million.

Take-Two aren’t the only ones to be trimming costs and workforce as giants like Electronic Arts and Sony. The gaming industry, frequently buffeted by layoffs and project cancellations, have gone through a noticeably turbulent two year stretch. Take-Two will also reduce office space as part of the cost-saving move, as well.

The next installment in the Grand Theft Auto franchise is in development and has been formally announced, with a launch window of 2025. Some reports now suggest the game could be delayed until 2026.

Take-Two acquires the company behind Borderlands series

The job losses come just a month after Take-Two announced the acquisition of The Gearbox Entertainment Company Inc. The transaction was valued at $460 million, with 2K’s internal development team being bolstered by talent.

Gearbox and 2K are now in active development for the next game in the popular loot-shooter Borderlands series as a result of the deal.

Featured Image: Via Victoria on Pixabay

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Sophie Atkinson
Tech Journalist

Sophie Atkinson is a UK-based journalist and content writer, as well as a founder of a content agency which focuses on storytelling through social media marketing. She kicked off her career with a Print Futures Award which champions young talent working in print, paper and publishing. Heading straight into a regional newsroom, after graduating with a BA (Hons) degree in Journalism, Sophie started by working for Reach PLC. Now, with five years experience in journalism and many more in content marketing, Sophie works as a freelance writer and marketer. Her areas of specialty span a wide range, including technology, business,…

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