Rockstar Games parent company Take-Two Interactive plans to lay off hundreds of workers and cancel some games [Yahoo! Finance]
Take-Two Interactive Software, Inc. (TTWO)
Last take-two interactive software, inc. earnings: 2/6 04:05 pm
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Source: Yahoo! Finance
This move affects hundreds of workers, and will also see multiple games canceled. It's not clear right now which studios and teams are being most affected by the cuts. Take-Two Interactive is in the process of purchasing Gearbox Entertainment for $460 million. It's a day in the year that is 2024, and that means more layoffs in the gaming industry. Take-Two Interactive shared on Tuesday that it plans to lay off 5% of its total workforce, per Bloomberg . This move will cut hundreds of employees and some upcoming games canceled. It's not entirely clear at this time which teams will be affected by the cuts or which projects are being canceled. Take-Two Interactive is the parent company of multiple gaming divisions, including Rockstar Games — the developers of Grand Theft Auto and Red Dead Redemption — and 2K Games, which includes teams suck as Cloud Chamber , Firaxis, and Ghost Story Games. Take-Two Interactive also holds mobile gaming teams at Zynga, and also operates the Priv
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News
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TTWO
Earnings
- 2/8/24 - Miss
TTWO
Sec Filings
- 4/16/24 - Form 8-K
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- TTWO's page on the SEC website