Despite extensive cost-cutting plans, Take-Two has no plans for redundancies
, by Thibaut
The trend in the video game industry is unfortunately towards mass layoffs, a phenomenon that has affected many publishers and other studios. For the time being, though, Take-Two Interactive has no intention of going down this road.
Strauss Zelnick, CEO of the company responsible for GTA, recently declared that he was working on "a significant cost reduction program across our entire business to maximize our margins, while still investing for growth."
This famous program, launched in February 2023, was to save the company $50 million. However, Zelnick also added that no new redundancy plans are planned to achieve this objective. The multinational had nevertheless dismissed some of its employees in March 2023, notably from the Private Division label.
Source: videogameschronicle.com