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We got 19K layoffs before GTA 6… Gamers have been waiting 11 years for the next “Grand Theft Auto,” but there’s no joyriding in the industry right now. Take-Two, GTA’s publisher, last week announced plans to lay off 5% of its workforce (~600 people) and scrap several projects in development. Take-Two said the move’s meant to boost profit margins, adding to a flurry of layoffs that’ve been KO’ing the industry. By some estimates, since last year, nearly 20K workers have been let go from video-game giants like Microsoft, Sony, EA, and Epic.
Source: https://sherwood.news/snacks/busine...y Nasdaq&utm_term=Snacks Weekly 10M 22APR2024