‘Grand Theft Auto’ Maker Take-Two Cutting 5% of Staff
What’s happening at Take-Two?
Take-Two Interactive Software (Take-Two), the company behind the “Grand Theft Auto” video game franchise, is cutting approximately five per cent of its workforce, or 600 jobs.
According to news outlets, including Reuters, the layoffs are part of a cost-reduction plan — expected to result in total charges of up to $200 million.
In addition to scaling back its staffing levels, Take-Two is scrapping several projects.
The company refused to name the projects that have been cancelled.
SEE ALSO
• Relic Entertainment eliminating 41 positions following Sega split
• Ubisoft laying off 45 workers to enhance ‘collective efficiency’
Impact on Canadian staff
It remains unclear if Canadian employees are affected by the latest reduction at Take-Two.
According to the company’s LinkedIn page, it has more than 50 workers in the country.
If you’re a non-unionized employee, check out our Take-Two Layoffs guide.
You can also use our free Pocket Employment Lawyer tool for real-time insights.
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If you’ve lost your job at Take-Two for any reason, don’t panic. We can review your situation, assess your legal options, and help you secure the compensation you’re legally entitled to.
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About the Author
Lior Samfiru
Lior Samfiru is a Founding Partner at Samfiru Tumarkin LLP and the Practice Leader of the firm’s Labour & Employment Law Group. Known for his advocacy and success representing both employees and employers, Lior exclusively serves clients in Ontario, where his extensive experience has made him one of Canada’s most sought-after employment lawyers.
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