All articles tagged with #project cancellations
The US green hydrogen industry, once poised for a billion-dollar boom, has largely collapsed due to delayed tax credit guidance, rising costs, and lack of industrial buyers, with only small-scale projects remaining viable and major companies canceling plans amid economic and regulatory uncertainties.
People Can Fly has canceled two projects, Project Gemini and Bifrost, and is scaling down its teams due to lack of publisher communication and financial challenges, leading to layoffs and studio restructuring.
Take-Two Interactive, the publisher of GTA 6, is laying off around 5% of its workforce, or approximately 579 employees, and canceling multiple in-development projects. This decision is part of a cost reduction program, with expected charges of $160 to $200 million. Despite previous claims of no plans for layoffs, the company is streamlining its organizational structure and eliminating projects. The layoffs come amidst the company's efforts to optimize expenses and prepare for the release of GTA 6 in 2025, following its recent acquisition of Gearbox and struggles in the mobile gaming sector.
Take-Two Interactive Software, the company behind Grand Theft Auto, is set to lay off 5% of its workforce and cancel several projects in a cost-saving initiative, expecting expenses of up to $200 million, including $140 million from canceled projects and $35 million in employee-related costs.