Grand Theft Auto Parent Shuts Two Iconic Game Studios as Part of Sweeping Layoffs [Yahoo! Finance]
Microsoft Corporation (MSFT)
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Source: Yahoo! Finance
Roll7, based in London, known for Rollerdrome, and Intercept Games, in Seattle, known for Kerbal Space Program 2, will be shut down, affecting around 70 jobs, Bloomberg reports Last month, Take-Two announced a 5% staff reduction, which will affect roughly 600 employees, including those from the Private Division, founded in 2017. Alan Lewis, Take-Two's VP for communications, stated no additional details on the layoffs but confirmed ongoing updates to Kerbal Space Program 2. The gaming industry has seen widespread layoffs recently , with major players like Sony (NYSE: SONY ), EA (NASDAQ: EA ), and Microsoft Corp (NASDAQ: MSFT ) also reducing staff and closing subsidiaries. Microsoft fired 1,900 employees across Activision Blizzard and Xbox in January, equivalent to 8% of its Gaming division. In December, Tencent Holding Ltd (OTC: TCEHY shut down US game studio Team Kaiju, shifting its focus to the Western market. In November, TikTok parent ByteDance Ltd, shared plans to shut
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