GTA video game publisher lays off hundreds of employees to save money

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The group will eliminate current projects and thus reduce its human resources needs, to make savings and increase its margins, he explained in a document filed with the SEC, the American market watchdog.

Take-Two’s board “approved a cost reduction plan aimed at identifying efficiencies across its business and improving the company’s margins, while continuing to invest for growth “, indicates the company.

She estimates the cost of this plan to be between $160 and $200 million.

Take-Two, which had 11,580 employees a year ago, is the latest in a long list of technology companies to implement a social plan in 2024, after a year 2023 already marked by workforce reductions in this sector.

According to the website Layoffs.fyi, 255 technology companies will lay off around 74,000 people in 2024.

Developer, publisher and distributor, Take-Two has just purchased Gearbox Entertainment, known for its Borderlands series, from Embracer, a Swedish video game giant in the midst of financial restructuring, for $460 million.

The highly anticipated “GTA VI”, a new opus of the action game, is planned for next year.

The trailer released in December, showing chases, yacht parties, and, for the first time, a main female character, had been viewed more than 42 million times on YouTube almost seven hours after it was posted. online.

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