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One former GTA 5 developer says they "barely recognize the game I worked so hard on" after seeing it in VR combined with an ultra-realistic graphics mod, and has revealed that Rockstar's lack of interest in making anything similar is part of why they stopped working there in the first place.
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.
Grand Theft Auto publisher Take-Two Interactive said today that it has «approved a cost reduction program to identify efficiencies across its business and enhance the company’s margin profile, while still investing for growth,» and what that means in practical terms is that it's canceling several games currently in development and laying off roughly 5% of its workforce.
Take-Two Interactive, the publisher behind Grand Theft Auto, has announced plans to cut around 5 percent of its workforce, or around 600 people.
GTA 6 publisher Take-Two Interactive has announced it's laying off 5% of its workforce and canceling several projects.
Take-Two Interactive plans to lay off 5 percent of its workforce, or about 600 employees, by the end of the year, as reported in an SEC filing Tuesday. The studio is also canceling several in-development projects. These moves are expected to cost $160 million to $200 million to implement, and should result in $165 million in annual savings for Take-Two.
Gearbox Publishing announced it is rebranding to Arc Games in the wake of its separation from parent company Gearbox Entertainment. Following Take-Two Interactive's purchase of the publisher's parent company and associated IPs, fans wondered how Gearbox Publishing might continue after it was left out of the sale by Embracer Group.
Following the sale of Gearbox to Take-Two, Gearbox Publishing, which wasn’t part of the sale, has rebranded.