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Grand Theft Auto Parent Shuts Two Iconic Game Studios as Part of Sweeping Layoffs [Yahoo! Finance]
Last microsoft corporation earnings: 4/29 04:06 pm
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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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