Take-Two Interactive, publisher of the Grand Theft Auto franchise, has just reduced its workforce by laying off around 5% of its staff.
The publisher, which is gearing up to release GTA 6 in 2025, cut roughly 5% of its entire staff as outlined by an 8-K SEC filing. It details a "cost reduction program" (referred to as the "Plan") that is set to be completed by the end of 2024, and "will reduce the Company's workforce by approximately 5%."
