GamesOpen WorldGTA 6After making $8.5 billion from GTA 5 and saying it had “no current plans” for layoffs, GTA 6 publisher announces nearly 600 layoffs and $140 million in canceled projectsWhen you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.
GamesOpen WorldGTA 6After making $8.5 billion from GTA 5 and saying it had “no current plans” for layoffs, GTA 6 publisher announces nearly 600 layoffs and $140 million in canceled projectsWhen you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.
When you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.
(Image credit: Rockstar Games)
GTA 6publisher Take-Two Interactive has announced it’s laying off 5% of its workforce and canceling several projects.
PerBloomberg, Take-Two revealed in an end-of-business SEC filing a plan to save itself more than $165 million annually due to “reductions in its existing expense base and lowered projected expense growth for the coming years.” In the process, it’ll incur up to $200 million in charges, the majority of which - up to $140 million - is related to the cancelation of projects, while another $25 million to $35 million is related to employee severance and related costs. Take-Two is also reducing its office space as part of the plan.
Back in February, Take-Two CEO Strauss Zelnick said that the company had “no current plans” to undergo layoffs. To see this turnaround is particularly galling, not least because in GTA 5, Take-Two owns one of the industry’s greatest cash-cows - Rockstar’s game has made at least $8.5 billion since its release in 2013.
Of course, the elephant in the room is what will happen to GTA 6, and although it’s safe to say the highly anticipated sequel is not one of the canceled projects, it’s possible the reduction in workforce could negatively impact its development. A recent report suggestedGTA 6 could be delayed from 2025 to 2026due to a lag in development, and if nothing else, layoffs alone wouldn’t do much to help remedy the situation.
In March,Take-Two acquired Borderlands developer Gearbox for $460 million, and GTA 6 is expected to be one of the most successful games of all time. Regardless, it’s now contributing to thestaggering number of layoffshitting the video game industry following the pandemic boom, including atMicrosoft, EA,Sony, Riot, and more.
Meanwhile,Baldur’s Gate 3 boss has told layoff-happy publishers to stop trying to “double” their money and instead “respect the people making the games.”
Sign up to the GamesRadar+ Newsletter
Weekly digests, tales from the communities you love, and more
CATEGORIESXbox Series XPS5PlatformsXboxPlayStation
CATEGORIES
More about open worldYou might be ready for Elden Ring: Nightreign, but not as ready as this streamer who completed the RPG like it was a roguelike – 207 bosses, random items, and permadeathPalworld’s Feybreak update adds a built-in Nuzlocke mode to the open-world survival game - and a taste of next year’s Terraria crossoverLatestI didn’t know how badly I wanted to grill and gobble up monsters until this upcoming survival roguelike made it look so tastySee more latest►
More about open worldYou might be ready for Elden Ring: Nightreign, but not as ready as this streamer who completed the RPG like it was a roguelike – 207 bosses, random items, and permadeathPalworld’s Feybreak update adds a built-in Nuzlocke mode to the open-world survival game - and a taste of next year’s Terraria crossoverLatestI didn’t know how badly I wanted to grill and gobble up monsters until this upcoming survival roguelike made it look so tastySee more latest►
More about open worldYou might be ready for Elden Ring: Nightreign, but not as ready as this streamer who completed the RPG like it was a roguelike – 207 bosses, random items, and permadeathPalworld’s Feybreak update adds a built-in Nuzlocke mode to the open-world survival game - and a taste of next year’s Terraria crossover
More about open world
You might be ready for Elden Ring: Nightreign, but not as ready as this streamer who completed the RPG like it was a roguelike – 207 bosses, random items, and permadeathPalworld’s Feybreak update adds a built-in Nuzlocke mode to the open-world survival game - and a taste of next year’s Terraria crossover
You might be ready for Elden Ring: Nightreign, but not as ready as this streamer who completed the RPG like it was a roguelike – 207 bosses, random items, and permadeath
You might be ready for Elden Ring: Nightreign, but not as ready as this streamer who completed the RPG like it was a roguelike – 207 bosses, random items, and permadeath
Palworld’s Feybreak update adds a built-in Nuzlocke mode to the open-world survival game - and a taste of next year’s Terraria crossover
Palworld’s Feybreak update adds a built-in Nuzlocke mode to the open-world survival game - and a taste of next year’s Terraria crossover
LatestI didn’t know how badly I wanted to grill and gobble up monsters until this upcoming survival roguelike made it look so tastySee more latest►
Latest
I didn’t know how badly I wanted to grill and gobble up monsters until this upcoming survival roguelike made it look so tasty
I didn’t know how badly I wanted to grill and gobble up monsters until this upcoming survival roguelike made it look so tasty
I didn’t know how badly I wanted to grill and gobble up monsters until this upcoming survival roguelike made it look so tasty
See more latest►
Most PopularLeague of Legends co-creator responds to report that Arcane was a “financial miss,” says “people think we make things like Arcane to sell skins, when in reality we sell skins to make things like Arcane"After hours of number-crunching, one Marvel Rivals player has laid out the true meta – and Iron Fist’s ranking feels alarmingJames Gunn says his DC shows will likely stick to the “one episode a week” schedule moving forward: “It affords a quality show an opportunity to be discussed"Just two weeks after its theatrical release, Lord of the Ring: The War of Rohirrim is heading to digitalEscape the horrors of family time this holiday with Slitterhead’s first ever discountNosferatu should “feel like a love triangle” according to star Lily-Rose Depp, albeit a twisted oneYou might be ready for Elden Ring: Nightreign, but not as ready as this streamer who completed the RPG like it was a roguelike – 207 bosses, random items, and permadeathThe team behind the unofficial Zelda Ocarina of Time PC port just modernized another Nintendo 64 classic, and the original creator is “very happy” about itNosferatu’s Bill Skarsgård was so happy to shed the Orlok character when filming wrapped: “It was an immense sense of relief"Warner Bros. is inexplicably delisting a bunch of games without warning, again, and devs are once again distraught: “We are heartbroken"Marvel Rivals joins Manor Lords, Palworld, and Helldivers 2 as one of Steam’s best-selling and most-played new releases of 2024 despite launching at the end of the year
Most PopularLeague of Legends co-creator responds to report that Arcane was a “financial miss,” says “people think we make things like Arcane to sell skins, when in reality we sell skins to make things like Arcane"After hours of number-crunching, one Marvel Rivals player has laid out the true meta – and Iron Fist’s ranking feels alarmingJames Gunn says his DC shows will likely stick to the “one episode a week” schedule moving forward: “It affords a quality show an opportunity to be discussed"Just two weeks after its theatrical release, Lord of the Ring: The War of Rohirrim is heading to digitalEscape the horrors of family time this holiday with Slitterhead’s first ever discountNosferatu should “feel like a love triangle” according to star Lily-Rose Depp, albeit a twisted oneYou might be ready for Elden Ring: Nightreign, but not as ready as this streamer who completed the RPG like it was a roguelike – 207 bosses, random items, and permadeathThe team behind the unofficial Zelda Ocarina of Time PC port just modernized another Nintendo 64 classic, and the original creator is “very happy” about itNosferatu’s Bill Skarsgård was so happy to shed the Orlok character when filming wrapped: “It was an immense sense of relief"Warner Bros. is inexplicably delisting a bunch of games without warning, again, and devs are once again distraught: “We are heartbroken"Marvel Rivals joins Manor Lords, Palworld, and Helldivers 2 as one of Steam’s best-selling and most-played new releases of 2024 despite launching at the end of the year
Most PopularLeague of Legends co-creator responds to report that Arcane was a “financial miss,” says “people think we make things like Arcane to sell skins, when in reality we sell skins to make things like Arcane"After hours of number-crunching, one Marvel Rivals player has laid out the true meta – and Iron Fist’s ranking feels alarmingJames Gunn says his DC shows will likely stick to the “one episode a week” schedule moving forward: “It affords a quality show an opportunity to be discussed"Just two weeks after its theatrical release, Lord of the Ring: The War of Rohirrim is heading to digitalEscape the horrors of family time this holiday with Slitterhead’s first ever discountNosferatu should “feel like a love triangle” according to star Lily-Rose Depp, albeit a twisted oneYou might be ready for Elden Ring: Nightreign, but not as ready as this streamer who completed the RPG like it was a roguelike – 207 bosses, random items, and permadeathThe team behind the unofficial Zelda Ocarina of Time PC port just modernized another Nintendo 64 classic, and the original creator is “very happy” about itNosferatu’s Bill Skarsgård was so happy to shed the Orlok character when filming wrapped: “It was an immense sense of relief"Warner Bros. is inexplicably delisting a bunch of games without warning, again, and devs are once again distraught: “We are heartbroken"Marvel Rivals joins Manor Lords, Palworld, and Helldivers 2 as one of Steam’s best-selling and most-played new releases of 2024 despite launching at the end of the year
Most Popular
League of Legends co-creator responds to report that Arcane was a “financial miss,” says “people think we make things like Arcane to sell skins, when in reality we sell skins to make things like Arcane”
After hours of number-crunching, one Marvel Rivals player has laid out the true meta – and Iron Fist’s ranking feels alarming
James Gunn says his DC shows will likely stick to the “one episode a week” schedule moving forward: “It affords a quality show an opportunity to be discussed”
Just two weeks after its theatrical release, Lord of the Ring: The War of Rohirrim is heading to digital
Escape the horrors of family time this holiday with Slitterhead’s first ever discount
Nosferatu should “feel like a love triangle” according to star Lily-Rose Depp, albeit a twisted one
You might be ready for Elden Ring: Nightreign, but not as ready as this streamer who completed the RPG like it was a roguelike – 207 bosses, random items, and permadeath
The team behind the unofficial Zelda Ocarina of Time PC port just modernized another Nintendo 64 classic, and the original creator is “very happy” about it
Nosferatu’s Bill Skarsgård was so happy to shed the Orlok character when filming wrapped: “It was an immense sense of relief”
Warner Bros. is inexplicably delisting a bunch of games without warning, again, and devs are once again distraught: “We are heartbroken”
Marvel Rivals joins Manor Lords, Palworld, and Helldivers 2 as one of Steam’s best-selling and most-played new releases of 2024 despite launching at the end of the year
GAME REVIEWSMOVIE REVIEWSTV REVIEWS1Nemesis review: “A magical sense of tension"2Arcs review: “A whole lot of game in a small package"3Path of Exile 2 review: “A stellar start to a thrilling and brutal dark adventure"4Indiana Jones and the Great Circle review: “The best adventure Indy has embarked on in over 30 years"5Marvel Rivals review: “So preoccupied with trying to be like Overwatch that it forgets to play to its own strengths"1Sonic the Hedgehog 3 review: “Keanu Reeves as Shadow is wasted whilst Jim Carrey steals the show"2Mufasa: The Lion King review – “It’s no Hakuna Matata but this Disney origin story is a class above the 2019 movie"3Kraven the Hunter review: “The insistence on an R-rating helps save this, with a decent helping of bloodthirsty action"4The Lord of the Rings: The War of the Rohirrim review – “An uninspired expansion of the most iconic screen take on Tolkien"5Nightbitch review: “Amy Adams' disappointing dark comedy is all bark and no bite"1Doctor Who 2024 Christmas special review: “Ncuti Gatwa is as magnetic as ever in this delightful festive treat"2Secret Level review: “An uneven experience with serious highlights that ultimately make up for the misses"3Skeleton Crew review: “Perfectly captures the vibes of classic Star Wars with a swashbuckling twist"4Creature Commandos review: “James Gunn’s heartwarming, R-rated tale about super-monsters proves that the DCU is in good hands"5Cobra Kai season 6, part 2 review: “Returns to the sort of hard-hitting form that made it such a fan favorite in the first place”
GAME REVIEWSMOVIE REVIEWSTV REVIEWS1Nemesis review: “A magical sense of tension"2Arcs review: “A whole lot of game in a small package"3Path of Exile 2 review: “A stellar start to a thrilling and brutal dark adventure"4Indiana Jones and the Great Circle review: “The best adventure Indy has embarked on in over 30 years"5Marvel Rivals review: “So preoccupied with trying to be like Overwatch that it forgets to play to its own strengths"1Sonic the Hedgehog 3 review: “Keanu Reeves as Shadow is wasted whilst Jim Carrey steals the show"2Mufasa: The Lion King review – “It’s no Hakuna Matata but this Disney origin story is a class above the 2019 movie"3Kraven the Hunter review: “The insistence on an R-rating helps save this, with a decent helping of bloodthirsty action"4The Lord of the Rings: The War of the Rohirrim review – “An uninspired expansion of the most iconic screen take on Tolkien"5Nightbitch review: “Amy Adams' disappointing dark comedy is all bark and no bite"1Doctor Who 2024 Christmas special review: “Ncuti Gatwa is as magnetic as ever in this delightful festive treat"2Secret Level review: “An uneven experience with serious highlights that ultimately make up for the misses"3Skeleton Crew review: “Perfectly captures the vibes of classic Star Wars with a swashbuckling twist"4Creature Commandos review: “James Gunn’s heartwarming, R-rated tale about super-monsters proves that the DCU is in good hands"5Cobra Kai season 6, part 2 review: “Returns to the sort of hard-hitting form that made it such a fan favorite in the first place”
GAME REVIEWSMOVIE REVIEWSTV REVIEWS1Nemesis review: “A magical sense of tension"2Arcs review: “A whole lot of game in a small package"3Path of Exile 2 review: “A stellar start to a thrilling and brutal dark adventure"4Indiana Jones and the Great Circle review: “The best adventure Indy has embarked on in over 30 years"5Marvel Rivals review: “So preoccupied with trying to be like Overwatch that it forgets to play to its own strengths"1Sonic the Hedgehog 3 review: “Keanu Reeves as Shadow is wasted whilst Jim Carrey steals the show"2Mufasa: The Lion King review – “It’s no Hakuna Matata but this Disney origin story is a class above the 2019 movie"3Kraven the Hunter review: “The insistence on an R-rating helps save this, with a decent helping of bloodthirsty action"4The Lord of the Rings: The War of the Rohirrim review – “An uninspired expansion of the most iconic screen take on Tolkien"5Nightbitch review: “Amy Adams' disappointing dark comedy is all bark and no bite"1Doctor Who 2024 Christmas special review: “Ncuti Gatwa is as magnetic as ever in this delightful festive treat"2Secret Level review: “An uneven experience with serious highlights that ultimately make up for the misses"3Skeleton Crew review: “Perfectly captures the vibes of classic Star Wars with a swashbuckling twist"4Creature Commandos review: “James Gunn’s heartwarming, R-rated tale about super-monsters proves that the DCU is in good hands"5Cobra Kai season 6, part 2 review: “Returns to the sort of hard-hitting form that made it such a fan favorite in the first place”
GAME REVIEWSMOVIE REVIEWSTV REVIEWS1Nemesis review: “A magical sense of tension"2Arcs review: “A whole lot of game in a small package"3Path of Exile 2 review: “A stellar start to a thrilling and brutal dark adventure"4Indiana Jones and the Great Circle review: “The best adventure Indy has embarked on in over 30 years"5Marvel Rivals review: “So preoccupied with trying to be like Overwatch that it forgets to play to its own strengths"1Sonic the Hedgehog 3 review: “Keanu Reeves as Shadow is wasted whilst Jim Carrey steals the show"2Mufasa: The Lion King review – “It’s no Hakuna Matata but this Disney origin story is a class above the 2019 movie"3Kraven the Hunter review: “The insistence on an R-rating helps save this, with a decent helping of bloodthirsty action"4The Lord of the Rings: The War of the Rohirrim review – “An uninspired expansion of the most iconic screen take on Tolkien"5Nightbitch review: “Amy Adams' disappointing dark comedy is all bark and no bite"1Doctor Who 2024 Christmas special review: “Ncuti Gatwa is as magnetic as ever in this delightful festive treat"2Secret Level review: “An uneven experience with serious highlights that ultimately make up for the misses"3Skeleton Crew review: “Perfectly captures the vibes of classic Star Wars with a swashbuckling twist"4Creature Commandos review: “James Gunn’s heartwarming, R-rated tale about super-monsters proves that the DCU is in good hands"5Cobra Kai season 6, part 2 review: “Returns to the sort of hard-hitting form that made it such a fan favorite in the first place”
GAME REVIEWSMOVIE REVIEWSTV REVIEWS
1Nemesis review: “A magical sense of tension”
1Nemesis review: “A magical sense of tension”
1
Nemesis review: “A magical sense of tension”
2Arcs review: “A whole lot of game in a small package”
2Arcs review: “A whole lot of game in a small package”
2
Arcs review: “A whole lot of game in a small package”
3Path of Exile 2 review: “A stellar start to a thrilling and brutal dark adventure”
3Path of Exile 2 review: “A stellar start to a thrilling and brutal dark adventure”
3
Path of Exile 2 review: “A stellar start to a thrilling and brutal dark adventure”
4Indiana Jones and the Great Circle review: “The best adventure Indy has embarked on in over 30 years”
4Indiana Jones and the Great Circle review: “The best adventure Indy has embarked on in over 30 years”
4
Indiana Jones and the Great Circle review: “The best adventure Indy has embarked on in over 30 years”
5Marvel Rivals review: “So preoccupied with trying to be like Overwatch that it forgets to play to its own strengths”
5Marvel Rivals review: “So preoccupied with trying to be like Overwatch that it forgets to play to its own strengths”
5
Marvel Rivals review: “So preoccupied with trying to be like Overwatch that it forgets to play to its own strengths”
1Sonic the Hedgehog 3 review: “Keanu Reeves as Shadow is wasted whilst Jim Carrey steals the show”
1Sonic the Hedgehog 3 review: “Keanu Reeves as Shadow is wasted whilst Jim Carrey steals the show”
1
Sonic the Hedgehog 3 review: “Keanu Reeves as Shadow is wasted whilst Jim Carrey steals the show”
2Mufasa: The Lion King review – “It’s no Hakuna Matata but this Disney origin story is a class above the 2019 movie”
2Mufasa: The Lion King review – “It’s no Hakuna Matata but this Disney origin story is a class above the 2019 movie”
2
Mufasa: The Lion King review – “It’s no Hakuna Matata but this Disney origin story is a class above the 2019 movie”
3Kraven the Hunter review: “The insistence on an R-rating helps save this, with a decent helping of bloodthirsty action”
3Kraven the Hunter review: “The insistence on an R-rating helps save this, with a decent helping of bloodthirsty action”
3
Kraven the Hunter review: “The insistence on an R-rating helps save this, with a decent helping of bloodthirsty action”
4The Lord of the Rings: The War of the Rohirrim review – “An uninspired expansion of the most iconic screen take on Tolkien”
4The Lord of the Rings: The War of the Rohirrim review – “An uninspired expansion of the most iconic screen take on Tolkien”
4
The Lord of the Rings: The War of the Rohirrim review – “An uninspired expansion of the most iconic screen take on Tolkien”
5Nightbitch review: “Amy Adams' disappointing dark comedy is all bark and no bite”
5Nightbitch review: “Amy Adams' disappointing dark comedy is all bark and no bite”
5
Nightbitch review: “Amy Adams' disappointing dark comedy is all bark and no bite”
1Doctor Who 2024 Christmas special review: “Ncuti Gatwa is as magnetic as ever in this delightful festive treat”
1Doctor Who 2024 Christmas special review: “Ncuti Gatwa is as magnetic as ever in this delightful festive treat”
1
Doctor Who 2024 Christmas special review: “Ncuti Gatwa is as magnetic as ever in this delightful festive treat”
2Secret Level review: “An uneven experience with serious highlights that ultimately make up for the misses”
2Secret Level review: “An uneven experience with serious highlights that ultimately make up for the misses”
2
Secret Level review: “An uneven experience with serious highlights that ultimately make up for the misses”
3Skeleton Crew review: “Perfectly captures the vibes of classic Star Wars with a swashbuckling twist”
3Skeleton Crew review: “Perfectly captures the vibes of classic Star Wars with a swashbuckling twist”
3
Skeleton Crew review: “Perfectly captures the vibes of classic Star Wars with a swashbuckling twist”
4Creature Commandos review: “James Gunn’s heartwarming, R-rated tale about super-monsters proves that the DCU is in good hands”
4Creature Commandos review: “James Gunn’s heartwarming, R-rated tale about super-monsters proves that the DCU is in good hands”
4
Creature Commandos review: “James Gunn’s heartwarming, R-rated tale about super-monsters proves that the DCU is in good hands”
5Cobra Kai season 6, part 2 review: “Returns to the sort of hard-hitting form that made it such a fan favorite in the first place”
5Cobra Kai season 6, part 2 review: “Returns to the sort of hard-hitting form that made it such a fan favorite in the first place”
5
Cobra Kai season 6, part 2 review: “Returns to the sort of hard-hitting form that made it such a fan favorite in the first place”