Take-Two Interactive to Cut Staff and Cancel Games

Take-Two Interactive, the parent company of Rockstar Games, is laying off 5% of its staff, affecting hundreds of workers and leading to the cancellation of multiple games. The move will likely impact around 500 to 600 employees across various divisions, including Rockstar Games and 2K Games. Despite the layoffs, highly anticipated titles like Grand Theft Auto 6 remain unaffected, and the company is also in the process of acquiring Gearbox Entertainment. The gaming industry continues to see significant workforce reductions, with concerns about the impact on affected employees and the future of ongoing and unannounced projects.