Take-Two have in their plans for the near future layoffs as part of its “cost reduction plan” for the release of GTA VI on PS5, Xbox Series X | S, PC and Steam Deck.
The owner of Rockstar and 2K Games has revealed that the publisher will have this workforce reduction as part of the program, as announced by the results corresponding to the third quarter of fiscal year 2023.
“In light of the current slump and Take-Two’s strong commitment to efficiency, the company is implementing a cost reduction program that is expected to generate more than $50 million in annual savings.
This plan will begin to materialize in the fourth quarter of its Fiscal Year 2023.” This restructuring will affect a wide range of personnel throughout Take-Two.
According to the report, they will focus primarily on “corporate and editorial functions,” but the giant also hopes to mitigate “more than $100 million” in costs from Zynga, its other mobile-focused division.
Also, “these changes are not expected to affect its strong pipeline of multi-year projects.” Or put another way, the rest of the projects in development follow their plans without changes.
“Take-Two Interactive believes that these actions, combined with their focus on profitable growth at scale, will maximize the company’s margins as they meet their anticipated growth trajectory over the next few years.”
These layoffs come as a surprise because GTA V continues to be a success with more than 170 million copies sold, but it seems that Take-Two seeks to reduce costs ahead of the release of the sequel.
Take-Two Interactive Software has not detailed GTA 6 platforms
Although a specific date has not yet been announced for the highly anticipated sixth installment, surely in the coming years we will have more news about GTA 6.
Especially considering that just a few months ago a large part of the game was leaked, to which the CEO Strauss Zelnick he said it was more of an emotional issue.
“We take leaks very seriously and they disappoint us all,” Zelnick said. “It’s very frustrating and upsetting for the team, however, as a business matter, it doesn’t affect us.”
But Take-Two is also going to have layoffs to be more efficient with a savings plan of more than 50 million.
