Grand Theft Auto publisher Take-Two Interactive to lay off 5% of workforce [Seeking Alpha]
Amazon.com, Inc. (AMZN)
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Source: Seeking Alpha
As of March 31, 2023, the publisher of the Grand Theft Auto franchise had 11,580 employees. A 5% reduction in its headcount would impact about 579 employees. The company added that it would scrap several projects in development as part of a cost reduction program, which is estimated to lead to total charges of $160 million to $200 million. Just as in 2023, layoffs have hit the video game industry in 2024. In January, Tencent's ( OTCPK:TCEHY OTCPK:TCTZF ) Riot Games announced it would lay off 11% of its workforce. Unity ( U ) also announced a 25% reduction in workforce , while Amazon's ( AMZN ) live-streaming site Twitch announced plans to cut about 3 5% of its workforce Microsoft ( MSFT ) reportedly laid off 1,900 employees at its gaming division, affecting roles at Activision Blizzard, Xbox, and Zenimax. Take-Two ( TTWO ) is the parent company of Rockstar Games, the studio working on the highly anticipated . The company continues to earn massive amounts of revenue from its G
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AMZN
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- 2/1/24 - Beat
AMZN
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- 4/29/24 - Form 13F-HR
- 4/25/24 - Form PX14A6G
- 4/25/24 - Form PX14A6G
- AMZN's page on the SEC website