190°

GTA 6 Publisher Take-Two to Layoff 5% of its Workforce and Cancel Games

Take-Two Interactive has announced that it will lay off 5% of its workforce and cancel some of its games in an effort to increase profits.

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insider-gaming.com
Knightofelemia40d ago

I am curious as to what games got canned.

DarXyde40d ago

Probably GTAV: Enhanced for PS5 Pro 🙂

Newmanator40d ago

$1 Billion + for GTA Online. Need to increase profit!

just_looken40d ago

They had a deal with netflix there were rumors of a bully remake and or port.

They also were deep into another version of gta iv like there crap gta trilogy remember all the takedowns.

roadkillers40d ago

It's a business tho..TakeTwo has 11,600 people, which means they let go around 600 people. There was probably a lot if bloat, but did anyone report about TakeTwo giving any "stimulus" to the employees laid off?

$35 million is being spent on severance pay. That's roughly $58,000 per employee, which probably includes continued benefits and pay after seperation. Can we get more of a report on how TakeTwo is supporting those let go?

roadkillers40d ago

^ That's if the averages worked out. We don't know if its like that or if a big shot got $30 million while others got dirt...

That's why we need journalists to dig in instead of these shallow news reports.

ConsoleAgnostic40d ago

Severance is great but the problem is the industry is experiencing layoffs all over, which makes it very hard for a lot of these people to get back into a job. The issue is these companies are expecting higher revenue every year, and when they have a year where they make the same amount or a little bit less all hell breaks loose. The only silver lining I'm seeing here is that a lot of these people will go on to create smaller indie studios and hopefully create something.

jwillj2k440d ago

There should be a law that says you can’t get rid of employees just for profits without executives taking a x % pay cut first. Encourage them to figure something else out.

redknight8040d ago

100% agree! I understand layoffs are a necessity sometimes but in addition to that, yeah, the CEO should not have their bonuses paid out that year; at the very minimum.

jwillj2k440d ago

Anyone who disagrees hasn’t felt the turmoil of being laid off.

Barlos39d ago

Exactly, and I'm feeling this right now for the second time in less than 2 years. I lost my last job 3 weeks ago.

jwillj2k439d ago

@Barlos

I feel for you. I can’t imagine what you’re going through. I hope you and your family can get through it and that you find another job quickly.

To give disagreer’s some perspective, getting laid off is worse than being fired imo. When I’m fired (if justified) it’s because I either don’t have the skills, drive or have done something against company policy. That is a closed case situation (most of the time).

When being laid off you could be the hardest working employee. They just don’t need you anymore. It’s a self-worth problem that is difficult to get over emotionally and mentally. The stakes are much higher when you’re the bread winner and have wife/children depending on you. It’s a do or die situation.

In 2015 was laid off once and found a new job 3 days later. It still affects me in my day to day not knowing if/when it will happen again.

blacktiger40d ago

They haven't even released the game, previous game made 10000% percent profits and then layoff?

Relientk7740d ago

Should be canceling the casino simulator sports games, but I know it's not them. It better not affect BioShock 4 and the Borderlands games

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70°

Limited Run Games reveal physical console editions of Clock Tower: Rewind

Love survival horror? Love physical editions of games? Limited Run Games have got your back as they reveal a physical collection for Clock Tower: Rewind on Xbox, Switch, PlayStation and PC.

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thexboxhub.com
Hugodastrevas3d ago

Still waiting for the physical release of Tomba!

150°

10 Biggest Xbox Mistakes of All Time (So Far)

The Xbox brand has done a lot of good over the years, but their various blunders are pretty wild to look back on in their magnitude.

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culturedvultures.com
piroh3d ago (Edited 3d ago )

Ironically number 9 can save them at this point (releasing games on multiple platforms)

ChasterMies2d ago

By “save them” you mean make more profit for Microsoft. Xbox will still be a dying hardware platform.

OtterX2d ago

You could add the naming scheme for the consoles, it just confuses customers. I know they wanted to avoid traditional numbering bc it would always be lower than their competitor, but this whole 360 then One then Series thing is confusing af. Imagine a Soccer Mom trying to figure this stuff out. I still mistakenly call the Series X the One from time to time on accident.

RNTody2d ago

Don't forget about the Xbox One, Xbox One X and Xbox Series X! Good luck to Soccer moms around the world.

S2Killinit2d ago (Edited 2d ago )

They did that on purpose to confuse and direct attention away from the generational numbering.

MS doesn’t like reminding people that they joined the industry after others had already been involved in gaming.

For instance, they called the xbox “360” to combat PlayStation “3” because they wanted to seem like “more” than “3”, so instead of xbox 2, they opted for xbox 360. Also this had the additional benefit of selling consoles to uninformed parents who might purchase a “360” instead of a “3” by mistake, or because they thought 360 was more than 3. Kind of a disingenuous move.

They have been continuing with their confusing naming patterns for pretty much the same reasons. Frankly, it fits with who and what they are as a brand.

FinalFantasyFanatic1d 17h ago

I can understand their reasoning, but whoever came up with that naming scheme should be fired, bad naming schemes have killed consoles (I'm pretty sure it was the major reason for the downfall of the WiiU). They should have had unqiue names like Nintendo and Sega have had for their consoles, far less confusing for the consumer.