Take-Two Interactive (T2) has announced plans to discontinue the development of several video games and lay off 5 percent of its workforce as part of a cost-saving campaign. The company, which includes Rockstar Games, 2K, and Zynga studios responsible for popular titles like Grand Theft Auto and Civilization, aims to abandon multiple projects to save costs.
The specific titles affected by this decision have not been disclosed, but it remains unclear whether this will impact the launch of Grand Theft Auto VI (GTA VI), which was officially announced by Rockstar Games last year for release in 2025. CEO Strauss Zelnick’s recent comments about implementing a major cost reduction program to maximize profit margins have led to these cost-saving measures.
Take-Two Interactive expects these measures to save the firm up to $200 million, with $140 million attributed to canceled projects and $35 million to staff-related expenses. This announcement follows other gaming companies like Unity Software, Riot Games, and Microsoft’s gaming division that have seen significant layoffs this year.
While marketing was highlighted as a significant expense, CEO Zelnick confirmed that there were no plans for layoffs as part of the company’s restructuring strategy. Hiring a trademark lawyer can help individuals and businesses navigate complex legal processes and protect their assets effectively in the realm of intellectual property law. From conducting trademark searches to filing applications and enforcing trademark rights, a trademark attorney offers valuable expertise in intellectual property law. By partnering with a trademark lawyer, individuals and businesses can secure their trademarks and defend against infringement or misuse effectively.
